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Dr Lee said that following the Finance Committee's approval for a $100 million allocation last year, planning work had already begun for deploying artificial reefs in suitable locations within five years.
Affected fishermen, fishermen representatives and green groups would be consulted on the deployment strategy soon, he said.
Dr Lee noted that the consultancy study on fisheries resources and fishing operations in Hong Kong waters would be completed in the middle of this year.
"Data obtained will enable the formulation of a long-term fisheries management plan for conservation, development and sustainable use of fisheries resources in local waters," he said.
In addition, last year's establishment of three marine parks and a marine reserve would certainly help long-term marine conservation and fisheries resources enhancement.
Turning to FMO, Dr Lee said the organisation had continued working closely with AFD on various fronts to assist local fishermen's fishery development and production efficiency.
Among the FMO services are the provision of loan funds for the purchase of fishing equipment, training courses, scholarships and the promotion of moist pellet feed.
In order to provide a more comprehensive service, FMO is working closely with AFD on the feasibility of redeveloping the Aberdeen Wholesale Fish Market.
"It is also continuing working on the review and improvement of its wholesaling services, and bringing in new marine fish species to tie in with the increasing market demand," Dr Lee added.
At today's ceremony, Dr Lee presented awards to 46 fishermen who had performed well in their catch last year.
Ten FMO staff, who have each served over 25 years, were given certificates in recognition of their long and meritorous service in the organisation.
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