LURIO GREEN RESOURCES INTEGRATED FORESTRY PROJECT


Overview

  • Reference: P-MZ-AAD-002
  • Appraisal Date: 05/05/2014
  • Board Presentation: 21/10/2015
  • Status: LendingLEND
  • Implementing Agency: Lurio Green Resources SA
  • Location: Mozambique

Description

Lurio Green Resources (LGR) seeks to sustainably develop a 55,000 ha forest plantation, mostly Eucalyptus but also Pine and Teak in Nampula province, Mozambique. The project will also support the development of 54,000 ha of outgrower plantations. LGR is expected to sequester large amounts of CO2 to generate carbon credits. The proximity to rail and port facilities in the Nacala corridor is a key consideration in locating a solid wood project in Nampula. The project will create the basis for a wood processing facility in a second phase which is expected to start in 2015.


Key contacts

KAYODE-ANGLADE Seliatou - OPSD2


Estimated Cost

Amount
 125,037,000