Madagascar denies 'land grab' by South Korean conglomerate
November 22, 2008
"Several announcements have been made regarding Daewoo Logistics' project which are erroneous and we would like to set the record straight," Eric Beantanana, of the Economic Development Board of Madagascar, told Reuters on Thursday.
"The contract which we signed in July with Daewoo Logistics concerns only the facilitation of a land search. We were to help them look for land. Furthermore, we are talking about a search for 100,000 hectares ... It is only after this stage that the rest of the process will continue."
But Marius Ratolojanahary, Madagascar's land reform minister, added that the deal "has not moved beyond the stage of intention".
"We proposed two sites in Boeny and Menabe regions. Daewoo Logistics will look at the suitability of the land. It will then return to government with the results of its study," he told Reuters.
"Then it must conduct an environmental impact assessment on the area. But for the time being I don't have the results from the first study."
South Korea to lease half of Madagascar's arable land for corn, oil palm production