Juan Minetti S.A. Summary Of Project Information (SPI)       Project Name    Argentina-Andino Project              Region    Latin America and Caribbean        Sector       Project No008942   Projected Board DateAugust 28, 1998   Company NameJuan Minetti, S.A.   Technical Partner and/or Major Shareholders    	Suma Huaico S.A.    Project Cost Including proposed IFC investment    	US$114 million consisting of: (i) an A Loan of US$30 million for IFCs own account; (ii) a B Loan of US$70 million for the account of participant banks; and (iii) a C Loan of US$14 million for IFCs own account.      Location of project and Description of site    	Mendoza, Argentina; and Los Andes, Chile    Description of Company and Purpose of Project    	Minetti is the second largest cement producer in Argentina and the largest cement distributor outside the Buenos Aires province.  The Project consists of: (i) the replacement of the clinker production capacity at Minettis oldest plant, Panqueua, located in Mendoza, Argentina; and (ii) the construction of a clinker grinding plant in the province of Valparaiso, Chile.     Environmental Category and Issues    	This is a category B project according to IFCs environmental review procedure.  Potential environmental, health and safety impacts include:  site location and land use; environmental performance of existing operations; air emissions; quarry reclamation; employee exposure to noise and dust; and contingency and emergency response plans.  Minetti has presented plans to address these issues and demonstrate the proposed project will comply with applicable local regulations and World Bank policies and guidelines.  The plant to be modernized and the new milling facility are both located in a rural area.  An old cement kiln will be shut down by March 1999, two older kilns will comply with previous World Bank guidelines, whereas the two main operating capacities will comply with the latest World Bank guidelines of July 1998.  Therefore, all Minettis operations will be in compliance with the relevant World Bank guidelines and policies.  Sanitary sewage will be treated to comply with local regulations and World Bank guidelines.  Minetti will continue rehabilitating old quarry areas.  Minetti will ensure that the environmental, health and safety measures are up to date and that the employees are properly trained.  Minetti has also developed a contingency plan for fires etc. and an emergency response plan for seismic occurrences.  IFC will monitor Minettis ongoing compliance with World Bank policies and guidelines.    The  is  from the InfoShop.       Host country location of environmental documents    Argentina   Chile      Date SPI sent to InfoShop July 27, 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).