(Reuters) - A South Korean consortium has agreed to build a new 800-km (500-mile) railway in Congo Republic in return for timber concessions in the oil-exporting central African country, a Congolese ministry official said.
Timber is Congo's second biggest export after oil, accounting for 7 percent of gross domestic product, and a number of European and Asian companies hold concessions to cut valuable hardwoods from its large tracts of tropical forest.
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