Stanmore/Cadbury Schweppes Bottling Plant

completed

Summary Of Project Information (SPI)Project NameKenya-ANSPAR     RegionSub-Saharan AfricaSectorProject No008916Projected Board DateJuly 2, 1998Company NameANSPAR Ltd.Technical Partner and/or Major Shareholders The main sponsor is the Tanna family. The Tanna family has several business interest in Kenya, including packaging, graphic design, and real estate.Project Cost Including proposed IFC investment Project Cost: $9.4 million; IFC''s investment: $2.55 million, comprising $1.8 million senior loan, and 0.75 million investment in common equity.Location of project and Description of site The project will be located in an industrial area on a 2 ha. plot of land on the outskirts of Nairobi, near the old airport.Description of Company and Purpose of Project IFC is playing an important role in helping the sponsor: (1) complete the financial plan, (2) obtain management assistance through AMSCO; (3) structuring the project, and (4) attracting other equity investors. The main developmental impact of the project will be to: (1) develop positive economic links with distribution companies which will be created because of the project, (2) create 336 new jobs by year five, (3) generate much needed fiscal revenues, and (4) introduce competition in a currently monopolistic market.     Environmental Category and Issues This is a category B project according to IFC''s environmental review procedure because impacts may result which can be avoided or mitigated by adhering to generally recognized performance standards, guidelines or design criteria. The review of this project consisted of appraising technical and environmental information submitted by the project sponsor, and the technical appraisal and site review completed by IFC''s Technical staff. The following potential environmental, health and safety impacts of the project were analyzed: (i) water supply and treatment; (ii) liquid effluent treatment; (iii) air emissions; (iv) solid waste disposal; (v) control of vehicle fueling and maintenance waste disposal practices; (vi) potential contamination of the bottling plant and distribution centre from present and past uses; (vii) use of CFC''s in refrigeration systems; amd (viii) workplace noise and safety.The sponsor has presented information on how he intends to address these issues and demonstrated that the proposed project will comply with applicable governmental and World Bank requirements.      The is from the InfoShop.Host country location of environmental documentsValleyView Enterprises LimitedPO BOX 13410 Nairobi, KenyaDate SPI sent to InfoShop May 27, 1998“This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporation’s Board of Directors. It is provided for the purpose of enhancing the transparency of IFC’s activities and should not be construed as presuming the outcome of IFC Board consideration.”For Additional Information contact: Corporate Relations Unit -telephone: (202) 473-7711facsimile: (202) 974-4384Environmental 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).