$70 Million In State Funds Cover That And Other Plant Facilities
posted April 21, 2009
The $1 billion Volkswagen plant at the Enterprise South Industrial Park will include a $35.7 million tank farm and utilities plant.
Officials said that will be among $70 million in items at the plant paid for with state funds.
State officials plan to go to the bond market soon to issue bonds for the $70 million the Bredesen administration pledged earlier for the major Chattanooga facility that is due to open in 2011.
The tank farm is a storage facility for the fluids to be added to finished cars (engine oil, gasoline, diesel, cooling fluids).
Other items at the VW plant to be covered by the $70 million in state bonds:
$12 million for a mixing yard - Loading facilities for loading outbound rail cars and/or trucks, including storage areas for the loaded cars or trucks.
$9 million for parking lots for employees - includes pedestrian access over Poe Branch to the main plant buildings.
$7 million for a TVA electric transformer station
$3.8 million for a rainwater storage reservoir
$1.5 million for a test track - a road with different pavements where each produced car is checked
$900,000 for a scrap yard - for sorting and storage items to be recycled or disposed.
$100,000 for related planning costs.
The VW plant will also include an energy plant.
The low bidder for constructing the energy plant was DF Chase of Nashville. The bid was $3,269,835.
There were 11 bidders in all with a high bid of $4,258,386.
The state already put $80 million into the Chattanooga VW plant.
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