Uzel Makina Sanayii A.S. Summary Of Project Information (SPI)       Project Name    Turkey-Uzel Makina Sanayii A.S. ("Uzel")              Region    Central and Southern Europe        Sector       Project No008912   Projected Board DateAugust 3, 1998   Company NameUzel Makina Sanayii A.S.   Technical Partner and/or Major Shareholders    	Uzel manufactures tractors under license from U.S.-based AGCO Corporation which are marketed in Turkey under the Massey-Ferguson name.  In addition, the Company produces diesel engines under a Perkins license, and wheels under licenses from Italian manufacturers Fergat and Gianetti.  Uzel is 85%-owned by Uzel Holding, a company controlled by members of the Uzel family.  The remaining 15% of the Company''s shares are traded on the Istanbul Stock Exchange.    Project Cost Including proposed IFC investment    	The project is expected to cost US$98 million, of which IFC would provide US$25 million as an "A" loan from its own account, and US$10 million as a "B" loan, for the account of participants.    Location of project and Description of site    	The project will be located in Düzce, about 160 km east of Istanbul.  The site borders a regional highway, and is presently used as farmland.    Description of Company and Purpose of Project    	Uzel is Turkey''s largest manufacturer of agricultural tractors, diesel engines, and automotive parts.  The principal objectives of the project are (a) to improve productivity; (b) to satisfy growing demand for a greater range and quality of products; (c) to strengthen its competitiveness through increased economies of scale; and (d) to increase capacity, especially for the export market.  IFC''s involvement will provide long-term financing which is not available locally at suitable terms.  The proposed financing fits well with IFC''s country strategy for Turkey which calls for greater focus on second-tier companies such as Uzel, with strong growth prospects and good export potential.    Environmental Category and Issues    	This is a category B project.  The key environmental, social and health and safety issues that are being considered during appraisal include an evaluation of the proposed site, ground contamination associated with the existing site, air emissions, liquid effluent treatment and discharge, solid waste handling, oil and chemical storage, health and safety, and fire safety.  The company is in the process of presenting plans that address these issues and demonstrate that the project will be in compliance with World bank guidelines and policies.  The proposed site is agricultural and is located adjacent to the Istanbul Ankara expressway.  There are no environmentally sensitive areas in close proximity to the site.  Liquid effluent will be treated in a treatment plant and recycled.  Health and safety standards which are currently not in compliance with WB guidelines, will be significantly improved at the new factory.  Appropriate fire fighting equipment will also be installed. A full description of the various mitigation measures will be included in the Environmental Review Summary.    The  is  June 25, 1998 from the InfoShop.       Host country location of environmental documents    Topcular, Kisla Caddesi No. 5   34147 Rami - Istanbul, Turkey      Date SPI sent to InfoShop June 22, 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).