The first contracts for the allocation of investment quotas, the Russian government’s mechanism designed to boost the renewal of the fishing fleet and processing sector, have been signed at a meeting of the board of the Federal Agency for Fisheries (Rosrybolvstvo), in the presence of agriculture minister Alexander Tkachev.
The first agreement was signed by the agency’s director Ilya Shestakov and Dmitriy Makarenko, chairman of the board of Granis, supporting the construction of a small processing plant in the Sakhalin region of the Russian Far East, with an investment of 350 million rubles (€4.95 million) and the plant is due to be ready for use in September 2019.
On the same day three agreements were signed between the agency and the VI Lenin Collective Farm, which is building three pelagic vessels at the Yantar shipyard for delivery in 2019, an overall investment of 4 billion rubles (€56.50 million)
In total, 33 fishing vessels and 23 shore-based processing plants are expected to be built as a result of this first round of investment quotas, with an overall investment of close to €2 billion. A second round of investment quota applications opened on 1st March and the the Federal Agency for Fisheries is accepting applications up to 30th June.
