Plans underway for Boreal Wildlands Project, called the largest private conservation agreement in Canada

Plans are underway to create the Boreal Wildlands Project,the largest single private conservation project in the country, in northern Ontario,Nature Conservancy Canada (NCC) said Friday.

The non-profit organizationhadbeen in discussions with paper industry titan Domtarto purchase the 1,500-square-kilometre parcel of boreal forestwest of Hearst for $7 million below its market value, the company said in a newsrelease.

The federal and provincial governments are also chipping in, matching the land value with funds from theNatural Heritage Conservation ProgramandGreenlands Conservation Partnership, respectively.

A large private tract spanning 1,450 square kilometres of boreal forestthat was managed as a wood supply to Domtar's pulp and paper millswill now be managed for research and conservation by the NCC.

The area, part of the Hearst Forest, is recognized for its extraordinary ecosystem and abundant wildlife.

When the deal is finalized, the protected area will be roughly twice the size of Torontoand home to several at-risk species, including woodland caribou and over 300 species of birds.

Once complete, the Boreal Wildlandswill support Canada's targets toconserve 25 per cent of the country's lands and waters by 2025and 30 per cent by 2030, the NCC said, and will connect with two other provincial parksNagagamisis and Missinaibito form an ecological corridor.

Kristyn Ferguson, a program director with NCC, said the project is a chance for the group to act locally, but have a global impact.

The forests, the plants, the wetlands on this property already store and continue to store so much carbon, pulling it right out of the atmosphere, cleaning the air we breathe and reducing carbon emissions from the air," Ferguson said.

"Currently, the property is storing the equivalent of the lifetime emissions of 3 million vehicles, and there's only more carbon storage to come. So we see it as a really important piece to address climate change."

Ferguson said the NCC also consulted about project plans with neighbouring First Nations.

"We're working closely with communities who have traditional territory on the site, like Constance Lake First Nation," she said. "We're pleased to be in the early stages of building what we hope are long-term, meaningful, respectful relationships to honour Indigenous relations to the land,respect their rights and find out where we can work in collaboration together and do even more great things jointly on the land."

The group is still soliciting donations, hoping to raise $13 million for the completion of the project.

Ferguson said the project has a targeted completion date of August.