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Two More New Tuna Processing Plants to Bring Higher Returns into PNG Minimize

 

Papua New Guinea through the National Fisheries Authority (NFA) will benefit from the two lucrative Tuna Processing Plants which will be established in Lae, Morobe Province and Vidar towards the North Coast Road in Madang Province. Sir Michael Ogio, Governor General of Papua New Guinea signed the respective Project Agreements with the investors; Nambawan Seafoods and the Niugini Tuna Ltd. It is anticipated that Nuigini Tuna Ltd will inject US$27.9 million (K87 million) and Nambawan seafood will inject US$11,731,504 (K36 million) in foreign direct investment in to the PNG economy. 

Nambawan Seafoods Tuna Limited is a Joint Venture (JV) between Trans Pacific Journey Fishing Corporation and TSP Marine Industries (TSP Livestock and Development Corporation) of Philippines to build a 150 metric tons per day tuna loining and canning plant in Lae, Morobe Province. The Morobe Provincial Government who is the host of the Project is very supportive of investors to establish tuna processing plants and shore-based investment in Morobe, especially at the Malahang industrial area. PNG through NFA has committed to ensuring that the National Government’s initiative of downstream processing of fisheries resources is fully realized through Morobe Province as a maritime province with large coastal and inland areas. 

Niugini Tuna Limited; a tripartite Joint Venture (JV) between RD Corporation of Philippines, Fairwell Fishery Group of Taiwan and Tri Marine International of Singapore to build a 200 metric tons per day tuna loining and canning plant. Madang Province is part of the move by the government to encourage onshore tuna processing in the country especially at the Pacific Marine Industrial Zone. The proposed integrated fisheries development project by Niugini Tuna Limited will include primarily: tuna fishing, tuna loining and canning and fish meal processing. 

The Papua New Guinea Government is committed to develop onshore processing and related downstream and value adding operations of tuna fishery and other marine resources harvested in its fisheries waters and the Pacific Ocean fishing zones. This commitment by Government is in support of its Export Driven Economic Growth Development Strategy which supports downstream processing and value adding of PNG’s natural resources. 

Sylvester Pokajam, Managing Director of National Fisheries Authority said that PNG through NFA supports foreign investment to help develop the domestic industrial base to process tuna caught in and outside of PNG’s Exclusive Economic Zone. It is in line with the Government’s existing economic development policies that are aimed at boosting economic growth and generate activities that support the net economic benefits to the national economy. Once these two processing plants are established, PNG will now have a total of seven Tuna processing plants and canneries.

  
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