Favorita Fruit Company, Ltd. and its Subsidiaries Summary Of Project Information (SPI)       Project Name    Ecuador:  Reybanpac II              Region    Latin America        Sector       Project No008770   Projected Board DateMay 1, 1998   Company NameReybanpac, Rey Banano del Pacifico, C.A.,and Favorita Fruit Co. Ltd.   Technical Partner and/or Major Shareholders    	Wong Family from Guayaquil, Ecuador    Project Cost Including Proposed IFC Investment    	Project Cost:  US$66 million    Location of Project and Description of Site    	IFC Loan:    US$10 million    	IFC Equity:  US$5 million    Description of Company and Purpose of Project    	Reybanpac is Ecuadors second largest banana producer and third largest banana exporter.  The Company is highly integrated horizontally with substantial industrial facilities for the production of fertilizers, cardboard boxes, plastic bags and fumigation services.  The Project will expand production capacities (cardboard boxes bananas) and enhance international competitiveness of Reybanpac (Port).  Main IFCs role:  institutional strengthening port development assistance, and capital markets (through IFCs equity investment).  Main development impacts: rural development, environmental impacts and expansion of production capacities.    Environmental Category and Issues    	This is a category B project according to IFC''s environmental review procedure.  Environmental, occupational health and safety issues which were reviewed for this project include: land use and critical habitat in port and plantation expansion areas; relocation and resettlement of occupants of port and plantation expansion areas; port operations including control of wastewater, bilgewater discharge and solid wastes; agricultural practices in the plantations, including use of pesticides; management and handling of hazardous materials; and general worker health and safety.  No critical habitat is affected by this project.  All expansion, of farms and port facilities, is on land purchased from the owners at market rates, and no resettlement is involved.  The banana plantations are in the process of receiving certification under the Eco-OK program of the Rainforest Alliance, and all wastes and pesticide application are managed in compliance with World Bank Group guidelines.  The port operation is well managed and pier reconstruction and expansion is not expected to significantly impact the environment of this industrial area.  This project is expected to be carried out in compliance with applicable World Bank Group policies and guidelines.    The  is  from the Public Information Center.       Date SPI sent to InfoShop       March 31, 1998      This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporations Board of Directors.  It is provided for the purpose of enhancing the transparency of IFCs 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).