SEF Elma Cheese Factory Limited Summary Of Project Information (SPI)       Project Name    Uzbekistan - Elma Cheese Project      RegionCentral Asia Middle East and North Africa   Sector   Project No008832   Projected Board DateJune 28, 1999   Company NameElma Cheese   Technical Partner and/or Major Shareholders    	The Project will be owned and operated by Elma cheese Joint Venture (the Company).  The share holding of the company is proposed as follows: Talisman Dairy Company (65%), CEBECO International Projects (28%), and ACC Business Creation (7%).    Talisman Dairy Company is a wholly owned subsidiary of Tashkent Dairy Farm, a recently privatized dairy farm that has already successfully established a small cheese-making unit. For the proposed project, Tashkent Dairy Farm will transfer land, dairy cows and a renovated building.  CEBECO International Projects is a wholly owned subsidiary of the Cebeco Group of the Netherlands, a well-established agribusiness service company.  It will be responsible for the implementation of the project on a turnkey basis, management of the company, training of employees and import of ingredients for cheese making.  ACC Business Creation is a Dutch consulting company specializing in agribusiness projects.    Project Cost Including proposed IFC investment    	Estimated Project Cost: US 1.4 million         IFC to provide an SEF Loan of US$570,000    Location of project and Description of site    	The project is to be located about 30 Kms from Tashkent city in the Sergeli region. The proposed cheese factory will be housed in an existing building with a covered area of about 2,000 square meters with about 100 hectares of adjoining land.     Description of Company and Purpose of Project    	The project involves establishment of a new Uzbek-Dutch Joint Venture and setting up of a cheese processing plant at a total cost of US$1.4 million.  The project implementation period is expected to be 3 months.    	The proposed project will allow value addition to  local dairy production.  It will improve and enhance local production capacities of the dairy industry and bring them to international standard.  In- country production of cheese will add value to local raw materials, substitute imports and provide employment to about 36 people.     Environmental Category and Issues    	"This project is a Category B project according to IFCs environmental and social review procedures.  Main potential issues related to the project include air emissions; wastewater treatment and discharge; solid waste management; storage and handling of hazardous chemicals; use of CFCs, fire protection and emergency response and employee health and occupational safety.  The sponsor will only use electric power and will implement measures to ensure that there is no generation of fugitive emissions.  Water will be obtained from the utility as well as ground wells.  Elma Cheese will have its own wastewater treatment system which will be operated to ensure compliance with the applicable World Bank guidelines.  Manure and other wastes will be processed at the manure depositories where is left to process naturally is then delivered to the fields and used as natural fertilizer.  Process and domestic wastes will be collected and properly disposed in accordance to local requirements. Agrochemicals will be stored in a special separate warehouse located outside the project site. The project will be equipped with fire prevention and protection systems including fire hydrants near the feeding areas, cheese factory and animal shelters and fire extinguishers.  All employees will be trained on hygiene practices, and occupational health and safety matters and the employees using agrochemicals will be further trained and undergo special medical examination annually.   The project is being designed to comply with World Bank guidelines."      The  is  from the InfoShop.       Host country location of environmental documents    Sergeli, Tashkent      Date SPI sent to InfoShop May 26, 1999   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).