Confidentiality
All information and documents supplied to either party pursuant to the contract shall be treated as confidential by the parties...
Governing law
The proposed project is subject to and conditional upon GTLESTE BIOTECH meeting all requirements set out by the laws of the Democratic Republic of Timor- Leste
Local development agreement
GTLESTE BIOTECH will provide community facilities such as clinics and sporting areas.
Local employment
The project is expected to generate more than 2,000 regular employees and more than 8,000 labor direct jobs. GTLESTE BIOTECH...
Other - operational
GTLESTE BIOTECH will support Timor Leste total consumption of sugar and ethanol with reasonable prices. It will participate the district...
Renewal or extension of term
This contract can be extended by mutual agreement. Any subsequent investment contract would be extendable for another 50 years.
Signatories, State
Mariano Assanami Sabino, Minister of Agriculture and Fisheries
State agency, national company or ministry executing the document
Ministry of Agriculture and Fisheries
State participation
No state participation. The Government would however provide all necessary incentives, export excess of the company product, [and grant] licenses,...
Term
This contract is valid 2 years from its signature. If concluded, the subsequent investment contract would have a duration of...
Training
GTLESTE BIOTECH will establish a training and development centre for maintenance, mechanics, and agriculture in order to transfer technology.
Work and investment commitments
GTLESTE BIOTECH estimates the total investment for the project would amount to over US$ 100,000,000, including the sugar cane plantation,...
Country
Timor - Leste
Signature Year
2008
Resource
Sugarcane
Type of Document
Contract
Open Contracting Identifier
ocds-591adf-0186221161
Disclosure Mode
East Timor Legal Information Site
This document has missing annexes
Land Matrix ID
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