33 Vessels and 23 Plants to be Built by Using Investment Quotas

The Committee completed the selection of projects for the realization of which investment quotas will be allocated: the Federal resource will be used for the implementation of 56 projects

According to the results of the Investment Project Selection Committee regarding investment projects for building vessels and processing plants, they approved 56 of 68 submitted applications. The meeting was held last week and chaired by Ilya Shestakov, Deputy Minister of Agriculture of Russia and Head of the Federal Agency for Fishery. The applications were submitted from June 6th to December 7th, 2017, and after that the working group examined the documents submitted by the applicants.

The selection results showed that 11 applications were declined because they didn’t comply with the requirements, and 1 application was withdrawn by the applicant himself. The Committee made a list of the applicants who will participate in the descending-price auction. This list also includes the applicants who will be given the right to sign an Investment Quotas Contract without any auction procedures.

The Committee selected 6 applications for building large vessels (100 meters and more), 27 applications for medium and small vessels, and 23 applications for coastal plants.

The expected investment amount for the selected projects will be around 140 bln rubles in the next 5 years. The protocol of the results of the investment project selection made by the members of the Committee can be viewed in the following section: “Investment Quotas: Hotline”.

The next application campaign “Investment Quotas-2018” will start on March 1st and end on June 30th.

Source: www.fishretail.ru