AEF Compagnie de Distribution des Produits Alimentaires - 2 -    SUMMARY OF PROJECT INFORMATION (SPI)     Project Name			Mauritania--CODIPAL  S.A.    Region				Western  Africa    Sector				Food & Agribusiness    Project No			07753    Projected Board		 	November 29, 1996    Company Name	COMPAGNIE DE DISTRIBUTION DES PRODUITS   				ALIMENTAIRES (CODIPAL S.A.)    Technical Partner and/or Major Shareholders: Mr. Hademine Ould Abderrahmane is the major shareholder (90%) and his brother, Mr. Abderrahmane Ould Abderrahmane owns the remaining 10%. Mr. Hedemine is also the main sponsor of a group of five diversified companies engaged in general trading, foreign exchange dealing and maritime activities.    Project Cost Including proposed IFC investment: Total project cost is estimated at US$1.59 million equivalent and IFC has been asked to provide a venture loan of US$465,000 equivalent representing 29% of the project cost.    Location of project and Description of site:  The project is located in the greater Nouakchott area.  There are three farms: Toujounine (broilers), PK12 (layers) and Ten-soueilem (broilers).  The modern selling point of processed chickens in cold storage facilities is located in MEDINA III, Nouakchott.     Description of Company and purpose of Project (includes IFC role/development impact).  CODIPAL intends to remain the poultry industry leader in Mauritania and now needs to expand and integrate its production capacity to meet the growing local demand for chicken products and to reduce its over-reliance on imports.    Project development effects: the project will be the largest chicken products and food distributor in Mauritania and able to compete with European exporters.  Its products will be competitively priced and produced under hygienic conditions.  Furthermore, the construction of a feedmill which will use local ingredients, will lead to increased production of rice and maize in Mauritania.    IFCs role: IFCs support of CODIPAL will give credibility to a 100% locally owned company vis-a-vis the financial community.  It is expected to have a strong catalytic effect.  In particular,    it should encourage commercial banks, to provide support in financing the companys working capital needs and also become co-investors.    Environmental Category and Issues:  This is an environmental review Category B project.  Key environmental issues that are of potential concern include disposal of solid waste, slaughterhouse hygiene, eventual fire outbreak and employee safety. Wastes from poultry farm are all biodegradable and easily recycled.  Chicken runs will be used as natural fertilizers by CODIPAL, would be evacuated on daily and sold to vegetable growers.  The sponsors have submitted an environmental management plan addressing the issues listed above.    The Environmental Review Summary is expected to be available on or about October 31, 1996 from the Public Information Center.    Date SPI sent to PIC:  October 16, 1996    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).