AEF Courdeau Catering Nigeria, Limited

completed

Summary Of Project Information (SPI)Project NameNigeria- Courdeau Catering Nigeria LimitedRegionSub-Saharan AfricaSectorProject No007267Projected Board DateMarch 29, 1996Company NameCourdeau Catering Nigeria LimitedTechnical Partner and/or Major Shareholders The project is sponsored by Courdeau Nigeria Ltd., under the C&C Group of Companies. The MD of Courdeau is Mr. R.R. Chagoury, a highly reputed Nigerian industrialist. Project Cost Including proposed IFC investment Total project cost is estimated at N140.2 million (US$1.65 million equivalent). IFC has been asked to provide a loan of US$660,000. Location of project and Description of site. The project is located at Trans Amadi, the industrial zone of Port Harcourt, Rivers State. Description of Company and Purpose of Project Courdeau Catering is a new company formed to serve as a preparatory and supply base to existing group catering business; and handle all catering contracts awarded to Courdeau. It will operate as a unit under Courdeau (Nig.) Ltd. Courdeau (Nig.) Ltd. is well established in the Nigerian industrial catering industry. Courdeau (Nig.) Ltd. presently provides large contract services to some of the major oil companies operating in Nigeria. The project will increase value added by processing food more efficiently through centralization. The project also provides new opportunities for employment. By participating in this project, IFC will strengthen the central kitchen concept, which is new in the Nigerian catering industry.Environmental Category and Issues This is a category B project. Environmental health and safety issues associated with this project include liquid and solid waste disposal, CFC’s, housekeeping and hygiene, employee safety and training, and fire protection. The sponsors are preparing a management plan detailing how the key environmental issues will be addressed; and are committed to complying with applicable World Bank and local requirements.The Environmental Review Summary is expected to be available from the Public Information Center in or around March 15, 1996.Date SPI sent to PIC February 22, 1996For Additional Information contact: Corporate Relations Unit -telephone: (202) 473-7711facsimile: (202) 676-0365Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).