PROJECT

Projects

Environmental & Social Review Summary

Project Number

48975

Company Name

Terasson Invest

Date ESRS Disclosed

Feb 26, 2024

Country

Cote D'Ivoire

Region

Africa

Last Updated Date

May 21, 2025

Environmental Category

B - Limited

Status

Pending Disbursement

Previous Events

Approved : Jul 24, 2024
Signed : May 13, 2025

Sector

other

Industry

other

Department

Regional Industry - MAS Africa

Project Description

 The proposed IFC investment is a senior A-loan investment of up to US$16.3 million and the mobilization of other lenders by IFC for another up to US$16.3 million to Groupe Duval (“Duval” or “the Group”) and its subsidiary in Cote D’Ivoire, Terasson Invest (the “Company”), to support the development and operation of a mixed-use property complex consisting of a serviced apartment hotel, office space, as well as shopping, food & beverage and restaurants area, to be located in Plateau, the business district of Abidjan, Cote d’Ivoire (the “Project” or the “Saint Paul Project”). Construction is expected to start in the second quarter of 2024 and last up to 27 months.

Duval is an existing IFC client since 2023 - Project# 46217, disclosed in June 2022 - https://disclosures.ifc.org/project-detail/ESRS/46217/duval-africa.

Overview of IFC's Scope of Review

IFC’s review of this proposed investment consisted of i) a desktop review of environmental, health and safety (EHS) and social related information submitted by Groupe Duval including corporate environmental and social (E&S) policies and procedures, as well as other corporate and project specific documents; ii) an E&S appraisal site visit (in October and November 2023); and iii) meetings (virtual and onsite) with the Group Corporate Social Responsibility (CSR) Manager, and E&S staff based in Cote D’Ivoire.

E & S Project Categorization and Applicable Standard

Environmental and Social Mitigation Measures

Stakeholder Engagement

Broad Community Support

Environmental & Social Action Plan

Client Documentation

File Name Actions
EIES PELEGRINA IMMOBILIER-Version final_Août 2022.pdf
PRMS - St Paul Final.pdf