See also: » 18.03.2010 - Congo gets US$ 2.4 billion debt relief » 29.10.2009 - Embezzlement case against Africa trio overturned » 01.10.2009 - Brazzaville calls on US to support preservation of the Congo Basin » 11.12.2008 - Poor debt cancellation deal for Congo Brazzaville » 10.12.2008 - Congo Brazzaville maintains strong growth » 29.10.2008 - French oil company plans to exploit tar sands in Congo » 10.09.2008 - Kenya Airways to fly to Congo Brazzaville » 17.12.2004 - Confidence in Congo Brazzaville after oil transparency Houlihan's coupons

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afrol News, 27 August - A Chinese forestry development company has been given the right to set up a forest management unit in Congo Brazzaville's northern Sangha department.

An agreement signed between Yuan Dong's general manager Shan Yao Zhong and the Congolese minister of forestry Henri Djombo formalised the exploitation of the Ivindo forestry management unit.

The development is expected to increase forestry production from 137,040 to 547,026 hectares as well as create more than 150 new jobs in the area.

Congo will also benefit from the Chinese company's infrastructural projects such as schools, health centres and roads.

The Chinese company, which plans to establish a wood sawing unit in 2009 and a drying unit in 2010, wants to produce more than 80,000 cubic metres of undressed timber per annum thus generating close to CFA 5.5 billion by 2010.

By staff writer

© afrol News

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