According to Fu Jianzhong, the total investment of the project is 350000000 yuan, of which the Xinzhou Group has its own funds to arrange 104000000 yuan,A loan of $246000000 is applied to the National Development Bank and will receive full interest of the National Development and Reform Commission during the construction period.
According to the agreement,The Xinzhou Group will be logging 320000 cubic meters of logs, 190000 cubic meters of sawn timber and 100000 cubic metres of medium density fiberboard in the Ha ba luo fu si ke Forest Farm in Forest Farm.Pulp production will also be carried out.
These wood and pulp will be through Taicang Port and Ningbo Port, mainly to "paper industry development but lack of forest resources"in the East China.Mr Fu jian zhong said the project "had a considerable profit"but "temporarily inconvenient to disclose".
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