CONTINENTAL TYRE PLANT KALUGA

The project consists of a greenfield tyre production facility in Kaluga. The location of the project is strategically valuable as several vehicle manufactures are located nearby.

Objectives

The project will result in manufacturing of tyres for passenger cars and light trucks from raw materials thereby promoting technology and knowledge transfer. The project will support the establishment of higher value-added industrial activities and complete the automotive cluster in the Kaluga region (enabling automotive producers, suppliers and associated businesses to benefit from the geographic colocation). It will also generate demand for additional services (engineering maintenance, transportation, catering and hotel, cleaning, security). Consequently, the project is expected to further the development of the local private sector and contribute to the development and the modernisation of the Russian economy.

Comments

Sector(s)

Industry

Proposed EIB finance (Approximate amount)

EUR 60 million

Total cost (Approximate amount)

EUR 234 million

Environmental aspects

The project is expected to follow the appropriate EU environmental and social principles, standards and practices, subject to local conditions. The Bank’s services will, however, clarify the possible need for an Environmental Impact Assessment (EIA) and any other environmental issues during the appraisal.

Procurement

Procurement is expected to be in line with EIB guidelines for private sector projects. The Bank’s services will verify details during the project’s due diligence.

Status

Approved - 18/12/2012.

Related Documents

07-11-2012 - Environmental Impact Assessment (EIA) RU

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. Therefore data provided on this page is indicative and cannot be considered to represent official EIB Policy (see also the Explanatory notes).

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Guide to procurement

This Guide applies specifically to those components of a project identified for the Bank's financing.