The Director General of Fisheries Products Distributing Company (Edipesca) Rafael Pascoal said Monday in Luanda that the company is starting to implement new projects this year from South Korea’s financing line, which will increase fish processing capacity.
The financing, whose agreement will be signed next March, is valued at US $ 57 million.
Edipesca DG told Angop, on the sidelines of the training of sailors of the company “Crustangola”, at a ceremony presided by the Minister of Fisheries and the Sea, Maria Antonieta Baptista.
Edipesca with this financing will increase its processing capacity from 1.800 tons to 3.000 a year, in addition to increasing the capacity in terms of fish and cold stores.
According to the official, the loan process has been delayed due to some procedures that should be adopted, but added that by the end of next March the agreement could be signed.
He added that the project provides for the installation of fish processing rooms in fish farms, fillets and bet on an ice factory.
The director said that the company has agreements with shipowners who provide the fish, and in turn sell to the retailers, but due to the problem of the infrastructures that it crosses has been reducing the level of acquisition.