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Deal #3017 Version #58275

Uganda

Created at

2013-02-15

Last update

2014-10-03

Last full update

2024-01-18

Land area

Intended size

20 000 ha

Size under contract (leased or purchased area)

[2004, current] 20000.0 ha

Size in operation (production)

[2011, current] 10400.0 ha

Comment on land area

Part of the concession will be used to regenerate native bush.

Intention of investment

[current] Forest logging / management for wood and fiber

Comment on intention of investment

The state granted the company a licence to develop three timber plantations; the licence comes with strict conditions (e.g. no permission to grow food crops or allow cattle grazing)

Nature of the deal

Concession

Negotiation status

[2004] Concluded (Contract signed)
[2012, current] Failed (Contract cancelled)

Comment on negotiation status

NFC does not own or lease the land. The contract failed due to a $15 million loss. The company planned to resume its activity in 2013, however it is uncertain whether this occurred.

Implementation status

[2005] In operation (production)
[2012, current] Project abandoned

Comment on implementation status