The project proposal includes the construction of a processing plant for fish and fishery products and administrative building within the property ID 38950.36.340 owned by "FISH EXPRESS" LTD. Candidate "FISH EXPRESS" LTD is an enterprise which operates in the field of trade of fish and fishery products with extensive market experience. The investor aims to create a highly efficient, competitive and sustainable processing enterprise in the sector: there are included investments in renewable energy sources; in energy and resource-efficient equipment up to the latest market trends - it is applied a report on Energy efficiency of the processing enterprise; there are provided environmental protection measures for reducing emissions and energy consumption; the technology provides efficient use of the factors of production; The entity is complied with the requirements of the legislation on Occupational safety and health. The projected processing enterprise has a capacity of 250 tons annual production ready in three technology streams: chilled fish - 188 tons, 50 tons of frozen fish, marinated fish- 12 tonnes. Processing plant is designed as a highly efficient and sustainable production unit: Manufacturing schedule and the marketing strategy of the enterprise are focused on the solvent market demand and higher end of the market segment, including only species with a very good market potential as salmon, sea bass, sea bream, trout and mussels. The extensive experience of the candidate is mark of good market knowledge and established network of suppliers and customers, which ensures reliability and rapid adaptation of newly built enterprise to the market. The evaluation of the economic viability of the investment is positive: 1. NPV: 2237731.98; 2. IRR: 0.407; 3. PI: 2.25; 4. PBP 4.45.
Overview
Status | Contracted |
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Start date | 10 Aug, 2017 |
End date | 10 Feb, 2019 |
Contract date | 10 Aug, 2017 |
Programme
Beneficiary
Financial information
Total cost | 1,828,898.94 |
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Grant | 914,449.47 |
Self finance | 914,449.47 |
Total paid | 845,251.75 |
EU participation percent | 75.0% |
Location