Angolan fishing projects for 2006/2007 estimated to cost over US$27 billion.

20 June 2006

Luanda, Angola, 20 June – The investment program for Angola’s Fisheries Ministry for 2006/2007 is estimated at over US$27 billion and includes 30 projects, daily newspaper Jornal de Angola reported Tuesday.

The construction of fishing vessels, terminals and fishing ports, cold storage and the acquisition of trucks are all part fo the 30 projects included in the Ministry’s budget.

The national director of infrastructures and market research, Maria Antónia Nelumba told the paper that 23 projects would go ahead with loans provided by the Chinese government and would begin as soon as the funds are freed up by the relevant authorities.

three other projects will be financed by the United Nations Development Program (UNDP), the Agricultural Development Fund and the African Development Bank, while other projects are awaiting financing from other parties.

Nelumba said that the fishing sector had around 214 production units in Angola, but only a small number were working and those were linked to salt marsh areas, fish oil and fish meal and the canning industry.

Nelumba added that the government would give priority to the construction of fishing vessels.

She also said that as part of the fisheries program funding had already been secured to allow for the launch of construction of the fishing ports of Cabinda, Kicombo (Kwanza Sul) and Cacuaco and three fish oil and meal factories in Luanda, Benguela and Namibe provinces. (macauhub)