Škoda Auto´s Kvasiny industrial zone to get 2 billion from public funds

Škoda Auto’s plans to expand the Solnice-Kvasiny industrial zone have won government support and the car maker can count on a financial injection from the state. Prime Minister Bouslav Sobotka on Monday signed a memorandum with Škoda Auto representatives according to which the project will get about 2 billion crowns from public resources. The money will be used for infrastructure projects in the zone. Škoda itself will invest 7 billion crowns to expand the plant’s capacity. The plant’s expansion is expected create 1,300 new jobs will present more opportunities for regional suppliers.