The British Columbia Forestry Revitalisation Trust Fund is to receive a C$50m boost from the provincial government to help the move towards a more diversified forest economy.
Compensation funds for forest companies for lost logging rights and for improvements such as roads and bridges have also been increased by C$50m.
The trust fund was set up in March 2003 to help workers and contractors affected by the 20% timber reallocation under the forestry revitalisation plan.
Timber being reallocated from BC’s largest tenure holders will be used to support a market-based timber pricing system under BC Timber Sales and provide new opportunities for First Nations, communities and woodlots operators.
