Summary of Proposed Investment
Project Number
7176
Company Name
GROUPEMENT DES GRANDS GARAGES DE BAMAKO
Date SPI Disclosed
Apr 15, 1996
Country
Mali
Industry
Manufacturing
Status
Active
Sector
Automotive and Light Vehicle
Department
Regional Industry - MAS Africa
Environmental Category
B - Limited
Previous Events
Approved : Apr 15, 1996
Signed : Mar 17, 1997
Invested : Sep 10, 1997
Project Description
Summary Of Project Information (SPI)
| Project Name | Mali - Groupement des Grands Garages de Bamako |
| Region | Sub-Saharan Africa |
| Sector |
Projected Board DateFebruary 15, 1995
Company NameGroupement des Grands Garages de Bamako
Technical Partner and/or Major Shareholders
Mr. Tounkara, a Malian National, is the main promoter of the project; he owns GGG SA. Technical partner is COMOTOR, a leader in engine remanufacturing in Europe.
Project Cost Including proposed IFC investment
Total project cost is estimated at CFA 1.5 billion (US$3 million equivalent). IFC has been asked to provide equity of US$300,000 equivalent, representing 15% equity at par value, and a FCFA guarantee of up to US$1.0 million equivalent.
Location of project and Description of site
The project is located in the industrial zone of Bamako, on a 12,000m2 plot owned by GGG SA.
Description of Company and Purpose of Project
Expansion of existing garage for the maintenance and sale of Mercedes cars and trucks.. Current activities of GGG SA are: representation of Mercedes cars and trucks; car maintenance; and sale of spare parts. Mr. Tounkara also owns STUB, one of the first private sector urban transport companies in Bamako. The proposed project would expand the existing garage operation from car dealership and servicing to engines renovation facility, with the capacity to renovate up to 500 units p.a..
Environmental Category and Issues
This is a category B project; key issues include: (i) liquid and solid waste disposal; (ii) handling and storage of hazardous materials; (iii) recycling or proper disposal of solvents, oils and motor fluids; (iv) employee exposure to dust, heat, noise and hazardous materials; and (v) fire prevention and emergency evacuation. The sponsor is preparing a management plan addressing these issues and has committed to complying with applicable World Bank and local requirements.
The is December 15, 1995 from the Public Information Center.
| Date SPI sent to PIC | December 1, 1995 |
For Additional Information contact: Corporate Relations Unit -
telephone: (202) 473-7711
facsimile: (202) 676-0365
Environmental 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).
Sponsor / Cost / Location
Related ESRS/ERS
