Udzungwa Corridor Limited
Building a Critical Ecosystem Bridge
Mission: Reconnect two 30-million-year-old forests with endangered endemic animals and plants
Estimated CO2 capture: 5.3 million tons over 30 years.
Start Date: June 2021, UCL set up on a remote mountaintop, cut off in heavy rains from the outside world
Planting Area: Roadless 7,500 ha deforested mountain terrain spread over 100 km2
Solution: 28 distant nurseries & planting camps for over 1,000 workers, supplied by porters making over 30,000 trips per year
Impact at the end of Year 3:
After Project
$40 million forestry asset which should produce 1% sustainable harvest revenues of $3.5 million/year from Year 31 to villages where 790 families were living on $13/month when we started.
Community Benefits Over 30-Year Project Life
$9.6 million in lease payments to farmers and village councils
$8.6 million employment
50% of all Profits from Carbon Revenue
Benefits to Tanzania
$3 million in operating taxes, before profits
30% corporate taxes and 15% dividend taxes on profits
Restoration of an important watershed for the 5.9GW Nyerere Hydro Power Dam