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Fishy business. The Social Impact of SST.pdf - Act Now!

Fishy business. The Social Impact of SST.pdf - Act Now!

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<strong>The</strong> cost <strong>of</strong> the project is between K40 to K50 million ($US16-18 million) and it will generateabout K16 million cash injected every second year and in foreign reserves more than K100million with 200 metric tonnes <strong>of</strong> fresh tuna fish supply every day.<strong>The</strong> project is an initiative <strong>of</strong> the main shareholder and leading c<strong>of</strong>fee exporter Angco Ltd andthe tuna factory is expected to be the largest in the joint venture company, South Seas TunaCorporation.Fisheries Minister Ron Ganarafo carried out the honors <strong>of</strong> the groundbreaking, witnessed bynational leaders from the province, including Sir Michael Somare, Sir Pita Lus and NationalSpeaker Bernard Narokobi.Officials from FCF Fisheries company <strong>of</strong> Taiwan, Starkist Seafood and Bumble Bee <strong>of</strong> Americaalso attended to witness the occasion.East Sepik Governor Arthur Somare expressed pride in his province being selected for thecannery. He assured that his government would help to get the facility going.He appealed to both the State and the East Sepik Provincial Government to maintain closedialogue and consultation in negotiating the agreement with South Seas Tuna Corporation andto ensure the final project agreement would benefit all parties.Landowner spokesman Andrew Warisan said it was a dream come true for the people <strong>of</strong> EastSepik to have the biggest project in the area as there had never been one for the last 25 years.Fishing Line Newsletter Jan-Feb 2003Fishing Line: Newsletter <strong>of</strong> the National Fisheriers Authority Issue No 1:177

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