Fishy business. The Social Impact of SST.pdf - Act Now!
Fishy business. The Social Impact of SST.pdf - Act Now!
Fishy business. The Social Impact of SST.pdf - Act Now!
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that have similar fish factory set-ups."Steel fabrication for the PNG operations is being undertaken in New Plymouth, whereSouth Sea Tuna Corporation has recently executed a contract with Robert Stones <strong>of</strong> NewZealand."<strong>The</strong> steel fabrication from Robert Stone will be ready for shipment to the project site andbuilding <strong>of</strong> the facility will start on 8 February 2003," said Mr Somare.<strong>The</strong> Wewak tuna loining plant is an <strong>of</strong>ficially approved and endorsed investment projectby the national and East Sepik provincial governments.Post-Courier 7.10.02Second stage <strong>of</strong> tuna loin projectCONSTRUCTION work on the K80 million Wewak tuna loin project is set to start followingcompletion <strong>of</strong> site preparation.Project developer South Seas Tuna Corporation <strong>of</strong> the US on September 8 gave approval toproceed with the second phase <strong>of</strong> the project, which is actual construction.Robert Stones Company, <strong>of</strong> New Zealand, has been awarded the constructions contract andhas been given three months from September 8 to bring on site workmen and equipment tostart the project.<strong>The</strong> first phase <strong>of</strong> the project, site preparation was completed in June, and had cost about K3million. Work involved drainage <strong>of</strong> the water-logged site and re-gravelling.Company sources said construction will start after three months, when all necessary equipmentand workers are on site.Cost <strong>of</strong> construction is expected to be between K75 million and K80 million and may take up to12 months to complete.<strong>The</strong> project cost, company <strong>of</strong>ficials said, had inflated from an original estimate <strong>of</strong> K50 milliondue to rising costs and the depreciated kina value.<strong>The</strong> Wewak tuna loin project is owned 100 per cent by South Seas Tuna Corporation, but theEast Sepik Provincial Government is expected to be given a stake once it has fully paid its sitepreparation cost contribution <strong>of</strong> K2.5 million. It has so far paid K1.5 million.<strong>The</strong> K2.5 million would be converted to shares in the project.Plans are also in line to divest some <strong>of</strong> the shares to other PNG shareholders later.Meanwhile, the company <strong>of</strong>ficials have expressed concern over attempts by unauthorisedpersons and organisations to recruit workers for the project.181