Summary of Proposed Investment
Project Number
8657
Company Name
LES CIMENTS DU SAHEL SA
Date SPI Disclosed
Mar 11, 1999
Country
Senegal
Industry
Manufacturing
Status
Completed
Sector
Cement
Department
Regional Industry - MAS Africa
Environmental Category
B - Limited
Previous Events
Approved : Apr 16, 1999
Signed : Jun 22, 2000
Invested : Oct 23, 2001
Project Description
Summary Of Project Information (SPI)
| Project Name: | Senegal: Ciments du Sahel |
Region:Sub-Saharan Africa
Sector:
Project No:008657
Projected Board Date:April 12, 1999
Company Name:Ciments du Sahel
Technical Partner and/or Major Shareholders
The principal shareholder is Mr. Latfallah Layousse who will control up to 60% of the equity. Other equity partners are institutional investors including IFC, African Development Bank, Proparco, and FAMWA an investment fund.
Project Cost Including proposed IFC investment
Estimated total project cost is US$90 million. IFC''s proposed investment is an equity and quasi-equity investment of up to US$4.7 million equivalent and a long term loan of up to US$13.5 million equivalent.
Location of project and Description of site
The project will be located some 30 miles east of Dakar. The plant site will be located near the raw materials''deposits. The size of the limestone mining concession is 500 ha. The plant will be designed and built using the most modern technology in the cement industry.
Description of Company and Purpose of Project
The project consists of the construction of a new cement plant with a nominal production capacity of 585,000 tons per annum. The plant and mining concession will be owned by a newly established company, Ciments du Sahel, a Société Anonyme, under Senegalese law.
Environmental Category and Issues
This is an environmental review category B project. Environmental issues associated with the project include air emissions, water and electricity supply, site setting and land use, liquid effluents, solid wastes, and quarry development and reclamation, and the handling and processing of raw materials and finished products. Occupational health and safety issues include fire prevention, emergency response and safety training, equipment safeguarding and employee exposure to noise and dust. As it is a greenfield project, and in compliance with Senegalese law, the Sponsor has prepared and Environmental Impact Assessment (EIA), including a detailed environmental management system. Detailed mitigation measures are proposed, including a comprehensive package for community relations with the surrounding villages. An environmental management plan is being developed, which will be implemented by an outside consultant during final design and construction. Public consultation was carried out during the EIA process, and the views of the stakeholders are reflected in the EIA.
The is from the InfoShop.
| Host country location of environmental documents: | Senegal |
Date SPI sent to InfoShop:March 11, 1999
“This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporation’s Board of Directors. It is provided for the purpose of enhancing the transparency of IFC’s activities and should not be construed as presuming the outcome of IFC Board consideration.”
For Additional Information contact: Corporate Relations Unit -
telephone: (202) 473-7711
facsimile: (202) 974-4384
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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