Nicaragua: $17 Million for Reforestation

The company Madenica has invested $8.8 million for the reforesting of 2,444 hectares. It will invest another $8.8 million to reach a total of 5,000 hectares.

Thursday, June 18, 2009

The reforestation project is a precursor for the subsequent harvesting and land sale planned by the company, Maderas Preciosas Nicaragua, S.A. (Madenica). The project is being implemented in the municipalities of Rivas, Cárdenas, San Juan del Sur and San Carlos in Río San Juan.

According to Laprensa.com.ni, Jaime Mendoza, manager of operations at Madenica, "reported that the project employs about 300 people monthly for positions that are rotated based on sowing needs and the municipalities where the work is conducted."

Madenica expects for the reforestation phase to be completed in 2013.

More on this topic

Nicaragua: Results from Forestry Investment

March 2014

Timber from trees grown fifteen years ago in commercial plantations is starting to be cut and exported.

In the year 2000 about 22 thousand hectares of African mahogany, kapok tree, oak, laurel, royal cedar, and other species were established on 300 farms in Nicaragua. Starting from 2014, these plantations will produce 40 thousand cubic feet of wood per year, which will be exported either as raw material or processed into finished products.

The Timber Business in Panama

September 2011

The country has reforested about 75 thousand hectares in the last 15 years after the establishment in 1992 of the law on incentives for reforestation.

In the last year the volume of exports multiplied by 13, up from 797 tonnes to 11,200 tons, with a total value of $2.5 million.

Honduras: $31 million for forestation

April 2011

The funds donated by the E.U. will be used for the implementation of the Forestry Sector Modernization Project of Honduras (MOSEF).

An article in the Latribuna.hn explains: "The resources provided by the E.U. will fund social programs for production and conservation of forest areas using organizational management processes and natural resource management."

Successful Forestry Project in Nicaragua

April 2011

During the past five years the Cuenta Reto del Milenio invested $ 6.8 million in a project which generated 3.000 jobs, benefiting over 3.200 farmers.

Located in Leon and Chinandega, western Nicaragua, the project allowed reforestation of nearly 7.500 hectares of forest for timber and charcoal.

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