$10m timber agreement
r.VZ Press Assn—Copyright) PORT MORESBY. Aug. 27. The Papua New Guinea Government has signed a SlOm timber-development agreement with a Hong Kong-based company, Sagarai Lumber, an offshoot of the Knightbridge Company.
The agreement is to develop a 160,000-hectare area in Milne Bay and central district.
The forest is estimated to contain 3.4 million cubic metres of logs suitable for sawn timber and veneer, and about 4 million cubic metres of pulp wood.
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Bibliographic details
Press, Volume CXV, Issue 33932, 27 August 1975, Page 15
Word Count
75$10m timber agreement Press, Volume CXV, Issue 33932, 27 August 1975, Page 15
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