PROJECT

Projects

Environmental Review Summary

Project Number

24254

Company Name

NOBLE ARGENTINA S.A.

Date ERS Disclosed

Aug 26, 2005

Country

Argentina

Region

Latin America and the Caribbean

Environmental Category

B - Limited

Status

Completed

Previous Events

Approved : Oct 17, 2005
Signed : Dec 6, 2005
Invested : Jan 26, 2006

Sector

Port and Harbor Operations

Industry

other

Department

Gbl Ind, Manufact, Agribus & Services

Project Description

The proposed project consists of the construction and operation of a grain river port terminal at Timbues (Timbues Port), located about 340 km from Buenos Aires on the lower Parana river in Santa Fe province. Constructed and operated by Noble Argentina S.A. (Noble Argentina or the company), the project includes:

- the acquisition of 201 hectares of land with 1,800 m of waterfront;
- the construction of a truck parking area and facilities for sampling, conditioning and storage; and
- the purchase of equipment.

Timbues Port will have a storage capacity of 120,000 tons and will be able to accommodate a throughput of about 2.5 million tons of grain per year, consisting mainly of exports of wheat, corn and soybeans. Construction began at the end of February 2005 and the project is expected to be completed by July 2006.

Environmental and Social

Conclusion & Monitoring