RusForest Magistralny has received priority investment project status and a new forest lease from the Russian government.
The new sawmill, which has a capacity of 150,000m³ of KD sawn wood, is now included on the list of priority investment projects within the forestry industry in Russia and has received an additional forest lease in the Irkutsk with an annual allowable cut of 398,700m³.
The mill’s listing is part of a wider move to stimulate investments into forestry development and forestry value-adding industries in Russia. As of June, 91 projects across Russia have priority investment project status.
They have access to forest leases without the usual auction procedure conducted in Russia, and pay 50% lower lease rates within the payback period of the project.
RusForest’s total annual allowable cut in the Magistralny region now amounts to approximately 960,000m³.
