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Demine-Design and Development Fund Established to Support Landmine Clearance and Development In Bosnia and Herzegovina and Croatia

24.07.2008

Tripartite contract was signed in Ljubljana today between David Gaze, Managing Director of Gaze Holdings Ltd, Goran Ga?nik, director of International Trust Fund for Demining and Mine Victims Assistance  (ITF) and Aleš Winkler on behalf of Gaze’s local partner ‘Terra Conceptus”-the part of Terra Group ‘.

“International demining charities like the ITF face a constant struggle for the funds needed to free South East Europe from the impact of landmines and unexploded ordnance (UXO), let alone to contribute to the eradication of the mine problem in other mine-affected parts of the world,” notes Mr. Goran Ga?nik, director of ITF.

With this purpose the signatories of the tripartite contact created the Demine-Design and Development (Triple-D) fund concept specifically to provide economic, social and sustainable benefits to countries burdened by land-mine contamination.
“Our innovative Triple-D concept creates a unique form of PPP (Public Private Partnership) that enables international investors to invest in an economic development venture that specifically requires landmine clearance as an integral implementation step for the project’s ultimate success. Development projects (developed by GAZE Holdings & Terra Conceptus) would relate to agricultural, industrial, tourism and recreational, infrastructural activities with high participation of local communities as shareholders of the program(s)”commented Mr. David Gaze, director of GAZE Holdings Ltd.

Working jointly with ITF and central and local government agencies, the private sector and institutional investors participating in the Triple-D fund will not only add value to their investment and create employment through the project’s the fund will undertake, but help the ITF and its stakeholders achieve the vision of a mine free South East Europe.