AU$70 million forest package in NSW Budget

The Australian Forest Products Association (AFPA) and Timber NSW have welcomed the AU$71.8 million funding commitment earmarked in Tuesday’s NSW Budget for forest industry initiatives, including investment in new forest plantations.

The 2018-19 NSW Government State Budget contains a $71.8 million forest industry funding package over 4 years (Page 5-10, BP3), including:

- AU$24 million investment in plantations through Forestry Corporation NSW to increase supply;

- AU$34 million for a concessional loan scheme to drive mill innovation;

- AU$9.2 million for world-class forest mapping and monitoring; and

- AU$4.6 million to support training and accreditation for forestry contractors.

Source: AFPA

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