Summary of Proposed Investment
Project Number
7962
Company Name
TERMINAL 6 SA
Date SPI Disclosed
Apr 8, 1997
Country
Argentina
Industry
other
Status
Completed
Sector
Port and Harbor Operations
Department
Regional Industry MAS LAC & EUR
Environmental Category
B - Limited
Previous Events
Approved : Jun 30, 1997
Signed : Sep 17, 1997
Invested : Jan 22, 1998
Project Description
Summary Of Project Information (SPI)
| Project Name | Argentina-Terminal 6 S.A. |
| Region | Latin America and the Caribbean |
| Sector |
Projected Board DateMay 9, 1997
Company NameTerminal 6 S.A.
Technical Partner and/or Major Shareholders
Terminal 6 is owned by four Argentine agricultural companies: Aceitera General Deheza, Aceitera Chabás, Buyatti and Guipeba-Ceval. Terminal 6 serves as the port facility through which the sponsors export their pelletized meal after crushing.
Project Cost Including proposed IFC investment
The estimated project cost is US$24.8 million, including civil works, equipment, contingencies, value added tax, working capital and financing fees. IFC''s proposed investment would include an A loan of US$10 million and a B loan of US$11 million.
Location of project and Description of site
Terminal 6 is an agricultural port and storage facility located 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, 7 flat-floor silos, 10 concrete vertical silos, a rail unloading station, 2 truck unloading stations and ancillary office buildings, workshops and a laboratory.
Description of Company and Purpose of Project
The project consists of the expansion of the port facility to accomodate additional volumes from a new 4,800 ton per day soybean crushing plant located adjacent to the port. Major civil works would comprise the construction of 2 additional flat-floor and 34 vertical storage silos and the construction of an additional berth. Terminal 6 currently handles an estimated 4 million tons of oilseed by-products and grains annually, with the bulk of its throughput provided by its sponsor companies and the remainder by third parties. The aim of the project is to increase Terminal 6''s storage and loading capacity to accomodate new volumes from a proposed crushing plant located adjacent to the port. IFC''s Agribusiness Department is considering the financing of the new crushing plant, T6 Industrial, which will be owned by Terminal 6''s shareholders. Given the current efficiency of the port terminal and its proximity to the crushing plant, the project would contribute to the creation of a highly competitive soybean crushing complex.
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 washwater 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 April 9, 1997 from the Public Information Center.
| Date SPI sent to PIC | April 8, 1997 |
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
