Further to the Government decision that a concession for the harvesting rights to Coillte’s forests be put forward for sale, the National Treasury Management Agency, via its NewERA Unit, has been actively engaged with Coillte, the Department of Public Expenditure and Reform and my Department to examine the financial and other implications of a potential transaction.
NewERA, the Department of Public Expenditure and Reform and my Department received a copy of the report, “Assessment of the Consequences of the proposed Sale of Coillte’s Timber Harvesting Rights – 10 January 2013” by Peter Bacon and Associates, commissioned by IMPACT, at the end of last month, at a meeting with the Coillte unions. The report and its findings are currently being analysed as part of the ongoing consideration process.
The outcome of the overall analysis will be considered by the Government upon its conclusion; no decision has been taken as yet.