FISHERIES III

closed

Closed

The Third Fisheries Project for Maldives will reinforce the existing system of artisanal fisheries and small scale fish collection. Fishing is the most important primary activity in the Maldivian economy. In order to maintain this industry, the project will: 1) increase fish production, government revenue, and foreign exchange earnings at a lower processing cost; 2) increase the income of fishing households to alleviate relative poverty; 3) reduce migration to the capital city, Male, through balanced regional growth; and 4) create the environment for increased private sector participation in the fisheries sector. The Third Fisheries Project will meet these goals by: 1) constructing a port at Kooddoo in Gaafu Alifu in Southern Maldives for fishing boats and collector vessels; 2) building a fish freezing/cold storage complex on the same island; 3) strengthening the atoll wide fish collection system; and 4) providing technical assistance. These new improvements will help to strengthen the fishing industry of Maldives.

FY17 - Agriculture, Fishing and Forestry,FY17 - Industry, Trade and Services,FY17 - Public Administration,FY17 - Transportation

World Bank Group

Project

Raw Materials, Commercial, Seaport, Government