PHL offers 'denuded' forest land to investors

THE PHILIPPINES will open 1.2 million hectares of “denuded” forest land to private investors, the Department of Environment and Natural Resources (DENR) said.

- Kyle Aristophere T. Atienza

Half of the 1.2 million hectares of land to be offered to the private sector beginning June 26 has been set aside for reforestation ventures, Environment Undersecretary Carlos Primo David told Business World on the sidelines of a biodiversity forum.

“You need to reforest the half, and then you utilize the other half,” he said.

The government will open another one million hectares of land every year until 2027.