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Video - Bid Opening Ceremony for Opening for Technical Bids on October 02, 2017

October 27, 2017:South Punjab Forest Company (SPFC) organized the Bid Opening Ceremony for the opening of technical bids for afforestation and rangeland lots in South Punjab, on Monday, October 02, 2017, at Pearl Continental Hotel, Lahore.

The ceremony was formally inaugurated by Tahir Rasheed, CEO, SPFC who welcomed the participants and informed that in just one year, SPFC has amicably executed the transaction study by an internationally renowned transaction advisor, got the project approved from Public Private Partnership (PPP) Cell and subsequently advertised the project in national and international media for bidding proposals.

The event was attended by potential bidders and the technical bids were opened in front of them. The financial bids of technically qualified bidders were opened on October 18-20, 2017.

The initiative of SPFC offers numerous environmental benefits such as carbon sequestration of more than 5.6 million tons, plantation of 13 million trees and creation of 15,000 green jobs. The Government of Punjab has also decided that 25 per cent of its share will comprise indigenous trees species, which will not be felled during the concession period, thus improving the forest cover of Punjab.

You can watch this short video on the Bid Opening Ceremony here.

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