Coillte could be sold as harvesting rights

COILLTE’S 390,000 hectares of woodland could be sold through harvesting rights, after which the land would revert to the state, according to a report prepared by financial consultants Deloitte for Agriculture Minister Simon Coveney.

Coillte could be sold as harvesting rights

“That is the kind of option we are considering, but I stress that no decision has been made on the sale of Coillte as a company or in terms of forest assets,” said Mr Coveney in the Dáil.

He said harvesting rights could be sold for the next 20 or 50 years, “depending on how much value we want”. At the end of the process, the asset of the forests and land would come back to the state at some time in future, with a requirement in place for re-afforestation and replanting.

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