Although still being adjusted, Pedro Dozi, coordinator of PDAC, admitted that this project will result in an increase in production in the agricultural sector and still help small and medium enterprises in the sector to increase their sales.
Cited by Angop, he revealed that next Tuesday, November 3, the first experience of the PDAC will start: conditions will be created to establish productive alliances with about 400 identified producers in the provinces of Malanje, Kwanza Norte and Kwanza Sul.
After this first phase, the objective is to expand the project to the provinces of Uige, Benguela, Huambo, Bié, Huíla, Bengo and Luanda.
"We are making efforts and creating conditions so that the number of beneficiaries increases and we can achieve the project's development goals," he said.
So far, PDAC has received more than 300 requests for funding. Of these 300 that are under consideration, 46 have business plans that are being analyzed and improved so that farmers can benefit from the support.
"At the moment, in terms of co-financing, there are four projects that have been concluded and submitted to commercial banks for analysis of the viability of access to credit," he said, adding that business plans are being prepared for another 13 projects.
The project is composed of four execution components: $80 million will serve to promote the development of agribusiness, $95 million will be for production and marketing infrastructure, $40 million will serve to strengthen the business environment, and $15 million will be applied in project management, monitoring and evaluation.
He also made it known that a survey of the rehabilitation needs of the Bom Jesus irrigated perimeter in Luanda is being conducted. According to Pedro Dozi, the site is capable of helping some 250 farmers and would require an investment of around US$580,000 to be rehabilitated.
In addition, PDAC has also financed the first phase of the implementation of the Single Window on Foreign Trade. Here the ASYCUDA system will be used, which will allow for prior customs clearance of goods, and thus help reduce the processing of exports, and is budgeted at $494,000.
The project also has a line of financing that provides for the reduction of interruptions in supply chains. It is estimated that by the end of this year these lines will increase.
