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Summary of Project Information (SPI) |
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| Project number | 8595 |
| Project name | SEF Kopex |
| Country | Bosnia and Herzegovina |
| Sector | Wholesale and Retail Trade |
| Department | Global Manufacturing & Services |
| Company name | Kopex-Sarajlic d.j.l. Srebrenik |
| Environmental category | B |
| Date disclosed | May 29, 1998 |
| Status | Completed |
| Previous Events | Invested: December 16, 1998
Signed: September 15, 1998
Approved: September 4, 1998 |
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Summary Of Project Information (SPI)
| Project Name | Bosnia and Herzegovina-Kopex Extended Reach project |
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| Region | Europe |
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Project No008595
Projected Board DateJune 29, 1998
Company NameKopex-Sarajlic d.j.l.
Technical Partner and/or Major Shareholders
Kopex was registered in 1990 in Tuzla as a sole proprietorship. Mr. Hasan Sarajlic is a 100% owner who first started this business back in 1964.
Project Cost Including proposed IFC investment
A loan of up to DM 4.5million (US$2.5 million equivalent) representing 44% of total costs for the expansion project.
Location of project and Description of site
As of January 1998 Kopex has purchased two lots of land, prepared the infrastructure, and partly constructed the service/distribution warehouse.
Description of Company and Purpose of Project
The project calls for construction of new gas stations,a storage center and service/distribution center. Since government liberalization of petroleum distribution in late '80's, Kopex has developed what is considered to be one of the most successful petroleum production distribution systems measured by quality and service. Besides fostering healthy competition, this project should demonstrate to other companies how modern gas stations should operate, and develop premium retail petroleum production distribution in BiH.
Environmental Category and Issues
This is a Category B project, according to IFC’s environmental review procedure. The following potential environmental, safety and health impacts are potential concern in the project: sites settings and conditions, air emissions and vapor controls, solid and liquid waste management, storage and handling of fuels, fire prevention and emergency response, and workplace health and safety. Air emissions meet the World Bank guidelines for particulates, nitrogen oxides, and sulfur dioxide. Wastewaters will be discharged in accordance to the government requirements. Solid waste will be collected in containers and regularly removed by an authorized waste disposal recycling agency. Kopex will install double wall, steel tanks for underground fuel storage at each of the retail stations featuring appropriate leak detection mechanisms and meeting EU standards. Adequate fire prevention and safety will be provided, including installation of fire fighting equipment both indoors and outdoors, as required by local regulations. In the case of fire or smoke, alarms will be automatically activated and employees will be trained in how to properly handle hazardous materials, how to respond to emergencies, and how to use the equipment.
The is from the Infoshop.
| Date SPI sent to Infoshop | May 29, 1998 |
“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 |
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| Environmental documents for this project are available at http://www.ifc.org/projects and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html). |
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