South African land-based salmon company Atlantis West Coast has hit a planning roadblock as the proposed site of construction has been deemed environmentally sensitive, forcing the project to find a new home.
Construction costs are projected at around ZAR 766 million (€49.3 million/$56.4 million), while the peak funding of the project is estimated to reach around $85 million (€74.4 million), Dennis Karangwa, managing director at the company, told IntraFish.
“We have updated our financial plan for investors and they have been notified,” Kaangwa said.
