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Wagang Fisheries Project Deal Signed



The Morobe provincial government and the National Fisheries Authority signed a memorandum of understanding (MoU) in Lae yesterday for the development of the Wagang fisheries project in the province.


Morobe Governor Ginson Saonu said the development is one of the government’s impact projects and has been on the project list for some time. “From our end, from the administration and the political level, we have been waiting to see formalities done like signing of the MoU today (yesterday),’’ Mr Saonu said.


With the MoU signing that puts to rest our thinking that whether the project will eventuate or not. “Now with the signing with the NFA I feel comfortable that the project will get off the ground.”


He said work on landowner mobilisation is being handled by the Lands Department and is on track. He said such partnerships between the stakeholders will create conducive environment for everyone to do business.


The government aims to see provincial government ownership of projects in their provinces.


Fisheries Minister Dr Tom Lino was present at the signing and he said the provincial government must be stakeholders in most of the projects that are happening in their provinces. “The government wants the provincial governments to be small economies that contribute to their own internal revenue as well as to the national basket,” Dr Tom said.


He said the Wagang project is a big investment that the government wants to undertake and this is done through NFA. “We want to involve the provincial government from the outset so you people can be involved in negotiations, planning and everything. “You are stakeholders as the project is happening in your province,” he added.


Dr Tom said Morobe has a lot of industrial activities including four major fishing companies and the cost of doing fishing business is very high because of the tax rebates. “Ships bringing in fish to land takes a long time resulting in congestion, rebates; these costs of doing business is high and we want to make it easier for businesses,” he said.


Following the completion of the only remaining geotechnical study, a feasibility study for the project will commence.

Continue reading at https://postcourier.com.pg/wagang-fisheries-project-deal-signed/ | Post Courier

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