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slyestjester

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slyestjester

Re: Ecuador post# 6514

Saturday, 08/20/2011 11:42:10 PM

Saturday, August 20, 2011 11:42:10 PM

Post# of 163718
Re: land usage costs, I ran across the following for CHBU, a fertilizer producer.

CHBU arranged in 2009 to purchase land use rights in Lantian County for 66 acres for a period of 30 yrs. for $4.6 mil (including relocation costs of local dwellers)to create an Industrial Zone.

Also CHBU is renting 8 acres in Xi'an for 21 yrs to create a production facility. Rent is $55,000/yr for the first 10 yrs and thereafter will increase 12% every three yrs.

These don't seem out of line with SIAF's costs.
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