FORESTRY PROJECTS WITH FOREIGN PARTICIPATION: AN OVERVIEW, POLICY GUIDELINES AND APPRAISAL

The subject of this paper is forestry projects with foreign participation. We will be dealing with projects in both the resources side and the industrial regiment of the forestry sector. The paper is divided into two parts. Part I deals with the nature, benefits and sources of conflict of government-foreign private investor joint ventures in the forestry sector. The objective is to provide the project designer and appraiser with policy guidelines that would enable him to produce workable joint-venture investments in the forestry sector. Part II treats the financial and economic appraisal of such projects. It is important to note that much of the methodology or techniques used in appraising such projects would be the same as those used in the appraising projects implemented by governments or the private sector.