National Fisheries Authority Agreement

by Merilyn Diau-Katam – EM TV News, Port Moresby

The National Fisheries Authority has signed a contract worth $35 million or K102.8 million with a South Korean tuna fishing company, Dongwon Industries.

The new tuna factory will be built in the Morobe province in early 2016.

This project will provide approximately 2,000 direct jobs and 4,000 indirect jobs.

This will be the sixth tuna processing project to be built in Lae. Dongwon tuna project will commence in the first quarter of 2016.

Dongwon Industries is one of the world’s largest tuna catching companies.

This is the first Korean company to invest in a shore based tuna project in Papua New Guinea.

It is PNG Government’s Policy to support offloading of tuna in ports for processing into packaging for export.

Starting next year, all fishing in the waters of PNG will be landed and processed in PNG.

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