Slovakia Subsidise Jaguar Land Rover Plant
Government subsidy of 130 Million euros in direct aid to JLR. Additional costs include industrial park construction, infrastructure investment and road linking to highway.
BRATISLAVA, Aug 11 (Reuters) – ** Slovakia’s state aid for Jaguar Land Rover (JLR) factory may reach some 600 million euros ($668.46 million) ** The government approved 130 million euros in direct aid to JLR **
Additional costs include construction of the industrial park in a western Slovak town Nitra, construction of a road linking it to existing highway and investment to infrastructure
** JLR signed a deal with the Slovak government in December to build plant with an annual output of up to 150,000 cars, investment seen at 1.4 billion euros –Source link: http://bit.ly/2bkF2Hs — Note: Reuters has not verified this story and does not vouch for its accuracy (Reporting By Tatiana Jancarikova)