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Magdeburg's Mayor on Intel: "Our schedule has not changed"

"We will not alter the preparation schedule for the planned investment by the chip company Intel", says Magdeburg's Lord Mayor Simone Borris in a statement.

According to Magdeburg's Lord Mayor Simone Borris, the weekly meetings on various topics such as construction, supply media, or suppliers continue unchanged, only pausing over the Christmas holidays. Possible delays are also not discernible. The approval processes are also being prepared and will start as originally planned.

"The work to free up the construction site, including the rerouting of a power line, is progressing," emphasises Mayor Simone Borris in the statement. “This week we signed the agreement with the State Office for the Preservation of Monuments and Archeology for the archaeological investigations and their documentation. The investigations will start on January 2."

However, the Federal Republic of Germany can only provide the financial resources negotiated if the European Commission's Directorate-General for Competition gives its approval, and this has not happened yet. The so-called notification is expected to take place at the beginning of next year. The federal funds cannot be disbursed beforehand, as that would not be allowed.

However, according to the Mayor, there is no question that the funds will flow. They have been confirmed in the federal budget and are available. Intel is waiting for confirmation from the EU before it can start.

"Despite everything, the scheduled start date has not changed. Intel has not made any statements to the contrary either, Only those measures that would make the project irreversible are waiting with Intel for the confirmation of the European Commission", the mayor continues. The state capital Magdeburg does not have any other information.

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February 01 2023 11:01 pm V20.12.5-1
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