TERMINAL 6 S.A IV

completed

Summary Of Project Information (SPI)Project NameArgentina-Terminal 6 S.A. RegionLatin America and the CaribbeanSectorProject No007058Projected Board DateOctober 31, 1995Company NameTerminal 6 S.A.Technical Partner and/or Major Shareholders Terminal 6 is owned by four large Argentine agricultural companies: Aceitera General Deheza (22.4%), Aceitera Chabás (22.4%), Buyatti (32.8%) and Guipeba (22.4%). Terminal 6 is operated as a cost center for these companies, each of which ships large quantities of goods through the facility.Project Cost Including proposed IFC investment Estimated project cost is US$19.8 million, including civil works, equipment, contingencies, start-up costs, value added tax, working capital, financial fees and the refinancing of an existing US$4 million IFC loan. IFC’s proposed investment includes an A loan of US$10.5 million and a B loan of US$6.5 million.Location of project and Description of site Terminal 6 is situated in the San Martin area, approximately 450 km north of the mouth of the Paraná river. The terminal has 56 hectares of land, 1 berthing facility for 80,000 DWT vessels, a barge pier, 5 flat-floor storage silos, 10 concrete vertical silos, a rail unloading station, 2 truck unloading stations, office buildings, a laboratory and workshops.Description of Company and Purpose of ProjectThe project consists of the expansion of an existing rail receiving station, the construction of two new storage silos, the refurbishment and improvement of an existing barge pier and the refinancing of an existing IFC loan. Terminal 6 is an agricultural port and storage facility which principally handles oilseed by-products and grains. Terminal 6 currently handles approximately 3 million tons of by-products and grains annually, with the bulk of its throughput provided by its sponsor companies and the remainder by third party users. The aim of the project is to increase Terminal 6’s throughput capacity by increasing its rail receiving and storage capacities. This will enable the company to capitalize on the expected increase in Argentine agricultural production and recent improvements in Argentina’s rail network.Environmental Category and Issues This is a category B project according to IFC’s environmental review procedure. Principal issues include: air emissions, liquid effluents, solid wastes, spill prevention, fire prevention, emergency response, and employee exposure to noise and dust. Dust emissions due to the handling of grain or oil extracted meals are controlled with suction systems that convey the dust to cyclone separators, where it is reclaimed. Stormwater and wash water effluent can contain grain dust, but no toxic substances are employed in the products handled. Fire prevention is designed into the plant through the selection of sealed and anti-static equipment and through housekeeping and operating practices.The is from the Public Information Center.Date SPI sent to PIC October 5, 1995For 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).