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DayWater College

Environmental & Social Review Summary

This Environmental and Social Review Summary is prepared and distributed in advance of the IFC Board of Directors’ consideration of the proposed transaction. Its purpose is to enhance the transparency of IFC’s activities, and this document should not be construed as presuming the outcome of the Board of Director’s decision. Board dates are estimates only.
Any documentation which is attached to this Environmental and Social Review Summary has been prepared by the project sponsor and authorization has been given for public release. IFC has reviewed this documentation and considers that it is of adequate quality to be released to the public but does not endorse the content.
Project number 26576
CountryNigeria
SectorEducation Services
DepartmentHealth and Education
Company nameDay Waterman Company Limited
Environmental categoryB
StatusPending Approval
Date ESRS disclosedApril 1, 2008
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OverviewCategory & Applicable StandardsKey Issues & MitigationCommunity EngagementsClient's Documentation

Overview of IFC's scope of review
IFC has reviewed the site and building design plans, including information on the fire and life safety provisions of the project buildings and the provisions for sewage treatment. The IFC review included a site visit by the technical specialist and the investment team. The Sponsor has responded to written questions submitted by the IFC’s Environment and Social Development Department.
Project description
Day Waterman College (DWC or the College) is a co-educational boarding school in Ogun State (Nigeria) for children between the ages of 11 and 18 years. The College, which is scheduled to open in September 2008, will provide secondary education and vocational training for up to 880 students at capacity. The project involves the construction and operation of the first two phases of the Day Waterman College on 35 hectares of land at Asu Village, in Ogun State. Phase II and III are expected to be implemented in 2009 and 2011 respectively. The total IFC investment in the project is proposed to be up to $14.9 million in the form of a senior loan.