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| Summary of Project Information (SPI) |
| This Summary of Project Information is prepared and distributed to the public 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 decision. Board dates are estimates only. |
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| Project number | 24492 |
| Project name | Trio Invest LLC |
| Country | Russian Federation |
| Sector | Transportation And Warehousing |
| Department | Agribusiness |
| Company name | Trio Invest LLC |
| Environmental category | B |
| Date SPI disclosed | January 19, 2006 |
| Projected board date | March 2, 2006 |
| Date revised SPI disclosed | January 30, 2006 |
| Status | Active |
| Previous Events | Invested: March 21, 2007
Signed: April 7, 2006
Approved: March 7, 2006 |
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| Description of company and purpose of project |
Trio Invest LLC (the Company) is building an A-class automated low temperature warehouse and distribution facility with storage capacity of about 22,000 metric tons, or about 24,000 pallets of frozen and processed meat products, fish, and vegetables. The Company will provide loading, unloading of pallets and cartons, storage, sorting and picking, and palletizing services. The facility is planned for completion by the first half of 2008.
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| Project sponsor and major shareholders of project company |
| The project sponsor is Troyen Ltd, a private Cyprus-based company, involved in the import, distribution and production of meat products in Russia. |
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| Total project cost and proposed IFC investment |
| The total project cost is estimated at around $57 million. The proposed IFC investment is a US$20 million equivalent A loan for IFC’s own account. |
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| Location of project and description of site |
| The project will be located in the Domodedovo district, to the south-east of Moscow, about 11 km from the Moscow MKAD, on an industrial site with access to highways for long-haul trucks and for smaller intra-Moscow vehicles as well as to railroad tracks which the company will extend to the warehouse. |
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| Project Development Impact and IFC's Role |
| The project will have a demonstration impact by setting a new industry benchmark for quality warehouse and distribution operations in Russia. It will benefit its clients through a lower cost and higher quality service, as well as to the Government which will receive taxes from a profitable enterprise. IFC’s role is to provide long-term financing on a project finance basis to a local medium-size enterprise that is rapidly evolving from trading of meat products into integrated trading, distribution, production and processing of such products. |
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| Environmental and social issues - Category B |
This is a Category B project according to IFC’s Procedure for Environmental and Social Review of Projects because a limited number of specific environmental and social impacts may result which can be avoided or mitigated by adhering to generally recognized performance standards, guidelines or design criteria. The review of this project consisted of appraising technical and environmental and social information submitted by the project sponsor. The following potential environment, health and safety and social impacts of the projects were analyzed.
- Land acquisition and planning procedures;
- Emissions to air and water;
- Solid and hazardous materials management;
- Occupational health and safety, including fire protection and emergency response;
- Environmental, Health and Safety and Social Management Systems.
The identified potential environmental, social and health and safety impacts which require ameliorative activities are summarized in an Environmental Action Plan (EAP) that Trio Invest will implement as part of IFC’s Loan Agreement. Upon successful implementation of the agreed mitigation measures, the proposed Project will meet Russian laws and regulations as well as the applicable World Bank/IFC environmental, social and health and safety policies and guidelines.
To view the environmental documents for this project, click here |
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| Location of environmental documents in locally affected community |
| Environmental documentation, as advertised in the Prizvy newspaper on 1/31/06, will be available at the following address: Moscow region, Domodedovo city, Stancionnaya str, 1, Russian Federation. |
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| To contact the project company, please write to: |
Mr. Vladimir Maslov
CFO
ifvladimir@relline.ru |
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