INDUSTRIAL TECHNOLOGY PARK Innovation Teamwork Partnership
Four projects that received the highest scores at European Agency for Reconstruction (EAR) project pipeline scoring list and six of the 15 highest rated projects were proposed by municipalities participating in USAID's
Municipal Economic Growth Activity program.

The efforts of the Program in upgrading city’s capacities resulted in the fact that Vršac Industrial Technology Park project was selected among 100 applications and 14 projects short-listed by EAR, to receive direct EU grant valued at 3.3 million euros. The Program provided technical assistance in the preparation of the feasibility and tender documentation which was the basis for project selection and obtaining funding.  
 
The works for the Industrial Technology Park are already tendered and selection of contractor is underway. The impact of the Park on local economic growth and the creation of new jobs is based on a demand survey of seven interested companies and their forecasts for new job creation.

The results indicate that during the initial start-up period, a total of 282 new jobs will be created.
Estimates show that within a four year period 940 new jobs will be created in 20 companies operating in the Park.
FIGURES
  • Total area: 27 ha
  • Type of ownership: State owned and private owners
  • Intended use: SME sector development. Suitable for light industrial metal and prefabrication work, limited chemical and textile industries.
  • Site description: Located in south-west Vrsac settlement, within Block 82, adjacent to the railway line Belgrade – Vrsac – Timisoara (Romania) and M1.9 principal road Belgrade – Vrsac – Vatin. 15 km from Romanian border and provides access to EU market.
  • Infrastructure development: Vrsac Municipality with National Investment Plan and EAR Support, Complete Infrastructure in 2010.
  • Additional information: Land lease for the period of 99 years is possible.
DEVELOPMENT
Vrsac Municipality made already extensive investments in project preparation with financial support of National Investment Plan and Fund for Capital investments.

Municipality Investments include:
  • expropriation of occupants,  reservation of EUR 400.000 for land acquisition,
  • technical designs, project preparation,  EUR 218.820,
NIP Contribution, EUR 94.415,
  • out of this amount EUR 82.915 is paid for construction of gas network,
  • EUR 10.500 Elektrovojvodina, removal of  electro line and transformer building,
  • TOTAL Investment, EUR 713.235,

Municipality estimated cost for site super-vision during construction, EUR 130.000.
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