FAIRYOUNG ADVISORY Summary Of Project Information (SPI)       Project Name    CHINA: FAIRYOUNG PORTS                     Region    Asia      Sector   Project No007087   Projected Board DateJanuary 26, 1996   Company NameXiamen Xian Yu Quay Co. Ltd. and Nanjing Huining Wharfs Co. Ltd.          Technical Partner and/or Major Shareholders    	The project sponsor is Fairyoung Holdings Limited, a diversified business group based in Hong Kong. The project includes port terminal development at two locations in China: Xiamen and Nanjing. The project in Xiamen is being developed by a 50-year joint venture between a Fairyoung port holding subsidiary (92%) and the Xiamen Port Authority (8%). The project in Nanjing is being developed by a 25-year joint venture between a Fairyoung port holding subsidiary (55%) and the Nanjing Port Authority (45%).    Project Cost Including proposed IFC investment    	Estimated total aggregate project cost is US$110.0 million, including construction, equipment, contingencies and financial fees. IFCs proposed investment would include a loan of up to US$20.0 million to the project companies and an equity investment of up to US$5.0 million to the Fairyoungs port holding subsidiary.    Location of project and Description of site    	The project includes port terminal devlopment at two locations in China: Xiamen and Nanjing. The container terminal in Xiamen is situated at Berth 12 in the Xiamen port which is located at the Southern coastal line in Fujian province. The container terminal and the mineral ore terminal in Nanjing are situated at Berths 702-710 in the Nanjing port along the Yangtze river.      Description of Company and Purpose of Project    	The Xiamen project with an estimated cost of US$47 million is to establish a new container terminal with a capacity of 150,000 TEUs p.a. The Nanjing project with an estimated cost of US$63 million is to establish a new container terminal with a capacity of 250,000 TEUs p.a. and to upgrade the existing mineral ore berth to increase its capacity from 4 million to 8 million tons p.a. The port projects in Xiamen and Nanjing would help alleviate infrastructure bottlenecks in Chinas port sector, which has faced growing transportation demands.                                                    Environmental Category and Issues    	This is a category B project; principal issues include: air emissions, liquid effluents, spill prevention, fire prevention and employee exposure to noise and hazardous materials. The Sponsor has presented plans to address these issues and to comply with applicable World Bank and local requirements. Key actions include upgrading the coal handling area to control dust emissions and stormwater runoff, and employee training on fire prevention and use of personal protective equipment.    The  is  December 22, 1995 from the Public Information Center.            Date SPI sent to PIC December 13, 1995   For Additional Information contact:  Corporate Relations Unit -   telephone: (202) 473-7711   facsimile: (202) 676-0365  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).