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Monday October 19, 2009
Over RM1bil allocated for forest programmes
KOTA KINABALU: The Government, committed to supporting the expansion of forest plantation and reducing the extraction of timber from natural forests, has allocated RM1.065bil in the form of soft loans to finance forest plantation programmes.
Plantation Industries and Commodities Minister Tan Sri Bernard Dompok said to date, about 14 loan agreements worth RM232.549mil had been signed to fund the development of 52,435 hectares of forest plantation.
Dompok said he hoped more companies would apply for the soft loan so that the ministry’s target of planting 375,000ha of forest plantation could be achieved. — Bernama
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