The great expansion and expansion project of the Cádiz Tax Precinct has been supported at all times by the Executive
The large expansion and expansion project being carried out by the Cádiz Free Trade Zone received an important boost on Friday with the approval by the Council of Ministers of aid of more than 40 million euros to expand its land in the capital of Cádiz.
In fact, the Council of Ministers has authorized the granting of financial aid, in the form of a loan, to two programs in the Cádiz Free Zone for a total amount of 40,800,000 euros.
The first program, financed with 25,904,000 euros, aims to expand the Cádiz tax precinct in the municipal area of the capital, thereby providing productive use to land adjacent to the Tax Precinct that remains idle after the closure of what was a large tobacco company.
The second program, with 14,896,000 euros, consists of the enhancement of the services associated with the development of the industrial land to which the previous project refers (connections, telecommunications infrastructure, purification, waste management, etc.), together with the material investments for the construction, expansion or adaptation of buildings, as well as their facilities and furniture.
The aid granted by the Government of the Nation is allowing the Free Trade Zone of Cádiz to realize its great project of expansion and expansion throughout the province and specifically in the city of Cádiz the Tax Precinct will be able to have 130,000 m2 more. The Consortium foresees a rapid return on investment since the implementation of at least three important industries is contemplated in the first six months.
The Free Trade Zone plans to quadruple its industrial land throughout the province, reaching 1,300,000 m2 within the framework of three areas: Bahía de Cádiz, Jerez de la Frontera and Bahía de Algeciras-Campo de Gibraltar, with the objective of converting Cádiz into a center for trade, production and transportation of goods between Europe, Africa and America.
The expansion and expansion of the Free Zone is a project that comes to light thanks to the commitment and commitment of the Government of Spain, which is carrying out a significant investment effort in the province through different tools and specific plans.