New Forests Tropical Asia Forest Fund L.P (Mekong Timber Plantations Co. Ltd.)
Region and country of operations: Southeast Asia, Laos
Jurisdiction of registration: Laos
Business sector: Forestry
Date of agreement (month/year): 12/2022
Finnfund’s financing: USD 4,000,000
Funding channelled through: New Forests Tropical Asia Forest Fund L.P., Cayman Islands
Share of Finnfund’s financing: 100%
Size of project/financing: USD 4,000,000
Environmental and social category: FI-A
Mekong Timber Plantation is a plantation and processing company located in Laos. The funds are used for planting, plantation maintenance and working capital.
Main development impact
The company provides job opportunities for locals. Trained and qualified contractors are responsible for harvesting work and hiring people from their communities.
The project is considered both a climate change adaptation and mitigation project. The company is adapting its operation and, at the same time delivering adaptation benefits/services to the neighbouring communities.
Last modified: December 2022