1384.6 - Statistics - Tasmania, 2007

ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 13/09/2002

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Contents >> Forestry >> Forestry initiatives >> Forestry Growth Plan

Following the Regional Forest Agreement, the Tasmanian Government announced a Forestry Growth Plan in November 1998. The plan involves partnerships between the State Government, Forestry Tasmania and industry. The plan includes:

building new road infrastructure;

investigating partnership opportunities between Forestry Tasmania and private tree growers and sawmillers;

introducing merchandising flitch mills; and

investigating the feasibility of new port facilities to improve export opportunities.

In June 1999 after a three-year program supported by successive State governments, Forestry Tasmania entered into a joint venture arrangement with international fund manager GMO Renewable Resources, to develop State-owned softwood plantations to world scale. This joint venture involved a 50% sale of the northern softwood plantation resource for $48.8m and accelerated investment in plantation expansion.