Summary of Proposed Investment
Project Number
7295
Company Name
Beacon House School System
Date SPI Disclosed
Feb 21, 1996
Country
Pakistan
Industry
Health, Education and Life Sciences
Status
Completed
Sector
Elementary and Secondary Schools
Department
Regional Industry MAS MCT
Environmental Category
B - Limited
Previous Events
Approved : May 2, 1996
Signed : May 20, 1996
Invested : Mar 5, 1997
Project Description
Summary Of Project Information (SPI)
| Project Name | Pakistan-Beaconhouse School System (BSS) |
| Region | Central Asia |
| Sector |
Projected Board DateMarch 21, 1996
Company NameBeaconhouse School System
Technical Partner and/or Major Shareholders
BSS is owned by two private limited companies owned by Mr.Khurshid Kasuri, Mrs. Nasreen Kasuri and other family members.
Project Cost Including proposed IFC investment
US$25.4 million. IFC’s investment would be a US$10.3 million loan and an equity investment of US$1.0 million equivalent.
Location of project and Description of site
The schools will be built throughout the country in all the major cities in Pakistan including Lahore, Karachi, Islamabad, Faisalabad, Rawalpindi, Hyderabad, Multan, Gujranwala, Rahim Yar Khan and Kasur.
Description of Company and Purpose of Project
The project involves the construction of 19 purpose-built schools in addition to the 64 existing schools most of which are not purpose-built. The project would increase the student capacity from 32,000 to 52,430 after completion.
Environmental Category and Issues
This is an environmental review Category B project; the major environmental issues as well as occupational health and safety issues associated with this project include liquid and solid waste disposal, fire prevention and safety. All the proposed sites, except one, are directly connected to the municipal sewage system; at that one site on the outskirts of Lahore, arrangements for a septic tank facility are being made. The school design conforms to the local bylaws that there are two stairways/exits to all floors. There are very few combustible materials in the school buildings. In the laboratories, where fire can be a hazard, fire extinguishers are available.
The is February 28, 1996 from the Public Information Center.
| Date SPI sent to PIC | February 21, 1996 |
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
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