Forest saved from logging in $5.5m deal
30/5/08
The Victorian government has signed a $5.5 million deal to buy back native forest in Gippsland’s Strzelecki Ranges. The landmark deal will save more than 20,000 hectares of native forest from logging in the state’s south-east. Environment Minister Gavin Jennings announced the agreement between the government and HVP Plantations. It follows an election promise to buy back the 8,000 hectare Cores and Links area, which was sold to HVP in 1998 by the former Kennett government. Under the deal, an additional 15,000 hectares of native forests surrounding the Cores and Links will also be protected.
See: http://news.theage.com.au/national/forest-saved-from-logging-in-55m-deal-20080530-2juk.html
Tags: Australia, Environment, Logging