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Romania allocates some $4.7 million for industrial park construction

The Romanian government on Wednesday decided to allocate 12 million lei ($4.7 million) for funding the infrastructure work and the utilities network of an industrial park in central county of Cluj, where Finish mobile phone manufacturer Nokia is to build a factory and research center.

„This is a project that makes me very happy as it refers to making some products and services with a high added value in the field of high technologies, in the filed of telecommunications and information science,” said Prime Minister Calin Popescu-Tariceanu, adding that the governmental funding paved the way for the setting up of this technological park. This industrial park will include a Nokia plant for manufacturing electronic equipment. The total investment will be about €200 million ($360 million) and approximately 15,000 jobs will be created, according to the official sources.

Nokia in March signed a deal with the Romanian government to open a cell phone production facility, the company's 11th globally. Nokia said its decision to build a factory in Romania reflected increased demand for mobile devices in Europe, the Middle East and Africa. The production is expected to begin in the H1 of 2008. (