SA timber assets on the marketFriday 18 Nov 2011 The South Australian government has officially put the state's future timber harvests on the market. The government wants to sell off up to three rotations from the state's forests in SA's south-east.Treasurer Jack Snelling said on the Monday the sale process had begun with a request for expressions of interest. "This is the start of the competitive tender process for the sale of forward rotations of the Green Triangle plantation estate," Mr Snelling said. "The Green Triangle plantation estate is one of the best softwood plantation forests in Australia and opportunities now exist for the private sector to put forward their best bid to manage approximately 81,000 hectares of plantation lands." Under the sale structure the SA Government will retain ownership of the land as well as any water and carbon rights. The successful buyer will have the right to manage, harvest and re-grow the plantation timber for a minimum of two rotations with an option for a third. |
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