In the Far East, an inventory of forests for investment projects is being carried out

Far East Investment and Export Agency is conducting an analysis of the state of forests and identifying areas for “forest investments” to launch projects for deep processing of wood.

As noted by Deputy Director General Maxim Duz, such an inventory is held in the Khabarovsk territory, is being prepared in the Republic of Buryatia and the Trans-Baikal territory.

“We conduct a detailed analysis of the state of forests. We have the experience of such research for the implementation of specific projects, but the forest inventory is a systematic work that is necessary to understand the characteristics and investment attractiveness of each region. A number of areas free of lease obligations have been identified, but, unfortunately, we are faced with the fact that the information on forest management has not been updated since the late 80-ies and is not relevant,” he explained.

In addition, the requirements of today are no longer paper maps and tablets, but the creation of an electronic information environment that ensures the prompt provision of reliable information.

The Agency is assessing the state of the forests of the Khabarovsk territory to launch a project for the construction of a pulp and paper mill in Amur. The capacity of the enterprise will be 500 thousand tons of sulphate cellulose per year. When implementing the project, investors will create about 2 thousand jobs. As the main interested person on the Chinese side is the company China Paper. The total amount of declared investments is $1.5 billion.

Inventory of lease-free forest areas in Buryatia and Transbaikalia will be carried out in the near future.

Deputy head of the Agency reminded that Far East Investment and Export Agency is developing an Internet service that will increase the investment attractiveness of the forest industry by eliminating administrative barriers and the use of modern technologies, including space monitoring systems, software for data analysis.

According to press servise of Far East Investment and Export Agency