Novi Sad to spend another RSD 400 mln of budget funds ahead of Lear's arrival

With nearly RSD 400 mln, Novi Sad will fund the construction of traffic routes and utility infrastructure in the North IV construction zone, the site of a production floor to be built for the US company Lear.

The contract on the works was signed just days after the city selected in a tender the companies that will build the RSD 2.5 bln production floor by November 1.

The works to build the traffic and utility infrastructure, worth precisely RSD 390,355,484 (VAT included), will be carried out by a consortium that is headed by Novi Sad-based Energotehnika-Južna Bačka and also includes Veternik-based Karin komerc, JKP Put, Horgoš-based Potisni vodovodi and Novi Sad-based AB & GO geosystems.

Interestingly, the deal does not involve strict deadlines for completion of the works, as opposed to other works.

As a reminder, Novi Sad has already set aside RSD 600 mln for backfilling in the North IV construction zone, with calculations indicating that the city will spend a total of over RSD 4 bln to build and arrange the production floor. The production floor will then be leased out to Lear for ten years.

Grad Novi Sad

Lear Corporation d.o.o. Novi Sad

Energotehnika - Južna Bačka d.o.o. Novi Sad

Karin komerc MD Veternik

JKP Put Novi Sad

JP Potiski vodovod Horgoš

AB & Co Geosystems d.o.o. Novi Sad

North IV construction zone

Lear Novi Sad

Karin komerc Veternik

JKP Put

Potisni vodovodi Horgoš

AB & GO geosystems Novi Sad