World Bank allocates $40m for Belarus

01.04.2015 | Economy | EuroBelarus Information Service,

The money is allotted for realization of the new project meant to develop the forestry industry in the country.

The project will also receive a $2.74 million grant from the Global Environmental Facility, BelTA informs.

The project provides for direct support for 25,000 employees of 88 forestry enterprises by creating better quality jobs in forest areas in the countryside. “The more effective operation of forestry enterprises is expected to provide a boon to woodworking enterprises, enterprises that generate energy using wood fuel, and enterprises engaged in advanced timber processing,” noted the head of the World Bank's representative office in Belarus Young Chul Kim.

As part of the new project there are plans to buy 74 harvesters and 52 forwarders, which are needed to take care of improvement cutting in young forests, six new high-performance waste wood processing machines that will help use up waste wood and tree biomass out of felling waste.

It will be the World Bank's second project in the Belarusian forestry industry. The first one was implemented in 1994-2002.

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