Renault Technologies Romania Titu Test Centre

Location:

Romania

Project number:

40269

Business sector:

Manufacturing and Services

Notice type:

Private

Environmental category:

B

Target board date:

20 May 2009

Status:

Complete

PSD disclosed:

01 May 2009

Project Description

The EBRD is considering providing EUR 44 million in portage equity to Renault Technologie Roumanie (RTR). RTR will construct a Test Centre at Titu, which is between Bucharest and the main production site of Renault’s subsidiary, Dacia, at Pitesti.

Transition Impact

1 - The Titu Test Centre will be the only comprehensive automotive testing centre out of France for Renault.

2 - Renault will develop links with local universities and other academic institutions including a two year master programme to be offered in conjunction with five Romanian technical universities.

3 Finally it will help improve the technological level and quality of components produced by local suppliers through closer contact and more rapid feedback during the development cycle and the opportunity to test more technologically innovative components locally.

The Client

RTR is Renault’s regional engineering centre. Renault (the Sponsor) has already invested in RTR EUR 36 million. RTR’s main activities are designing and developing vehicles.

EBRD Finance

The investment is a EUR 44 million portage equity finance to RTR.
European Investment Bank will also provide financing to the project..

Project Cost

EUR 166 million.

Environmental Impact

Screening Category: B (2008).

The environmental and social due diligence, including a site visit by the Bank’s Environmental Specialist, confirmed that

(a) the new Test Centre will be constructed and operated to Renaults’ high environmental standards

(b) will be in compliance with similar plants in Europe and best international environmental practice and

(c) all of present and future operations will be in compliance with the Bank’s relevant Performance Requirements (PRs).

A Phase 1 and 2 Environmental Site Assessment was carried out by independent consultants, to identify existing environmental liabilities at the project site. Results of the site investigations identified the requirement for the removal of an underground fuel storage tank and the decontamination of localised soil/groundwater. This will be implemented in due course and will form part of the Environmental and Social Action Plan (ESAP).

The proposed site location for the Titu test centre is located on a former military airfield and limited impact to sensitive biodiversity is anticipated. All of Renault's industrial sites comply with ISO 14001 environmental certification standards and this will be developed in full at the Titu centre. Labour and working conditions at Titu will be in full compliance with relevant Romanian legislation, international Occupational Health and Safety (OHS) and labour standards. The Titu test centre will be located approximately 1.5 km from the nearest settlement and 5km from the town centre and community, health and security issues are not anticipated. However, RTR's EHS management systems will include noise abatement, emissions reduction, emergency response and stakeholder engagement plans.

Technical Cooperation

None.

Company Contact

Renault Technologie Roumanie
RO RTR NG2401
North Gate Business Centre, Sos Pipera-Tunari2/III
077191 Ilfov, Voluntari, Romania
Tel: +40 21 406 3001

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

Project Complaint Mechanism (PCM)

The Project Complaint Mechanism (PCM) is the EBRD's accountability mechanism. It provides an opportunity for an independent review of complaints from individuals and organisations concerning EBRD-financed projects which are alleged to have caused, or are likely to cause, environmental and/or social harm.

Please visit the Project Complaint Mechanism page to find information about how to submit a complaint. The PCM Officer (pcm@ebrd.com) is available to answer any questions you may have regarding the submission of a complaint and criteria for registration and eligibility, in accordance with the PCM Rules of Procedure.