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    Reference: 20200838
    Release date: 30 November 2021

    Promoter – Financial Intermediary

    SLB SAS

    Location

    Description

    The project consists of investments in about 2,200 hectares of forests in Romania aimed at enhancing the forest management regime towards closer to nature practices, natural regeneration and enhanced ecologic and biodiversity conditions. The project targets achievement of fully certified forestry assets by implementing sustainable forest management (SFM) principles.

    Objectives

    Investments target the natural regeneration and optimiaation of forest ecosystems in Romania, specifically respecting original growing and ecological environments. The forests will be converted to management under FSC certification and Continuous Cover Forestry principles to increase biodiversity and forest resilience to climate change. Forest operations will have a strong focus on ensuring forest protection and conservation of the forest ecosystems, including special attention to preserving soils such as avoiding interventions during excessively wet conditions and utilising light machinery, even animal traction. Brush clearing will be carried out manually and selectively, leaving native vegetation. Forest health will be subject to intensive monitoring and any stands with pest infestations such as bark beetle will be cleared and regenerated. The Promoter will also invest in infrastructure to make the forests accessible to wildlife observation, education and recreation.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 10 million

    Total cost (Approximate amount)

    EUR 13 million

    Environmental aspects

    The final beneficiary will be requested to comply with applicable national and EU legislation, as appropriate.

    Procurement

    The final beneficiary will be requested to comply with applicable national and EU legislation, as appropriate.

    Status

    Signed - 18/10/2022

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Romania Agriculture, fisheries, forestry