K300mil market in Alotau to cater for farmers, fishermen

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A K300 MILLION market in Alotau town, Milne Bay, will cater for both fishermen and farmers.
It is a partnership between the Japanese and PNG governments.
Japan allocated K33 million for the redevelopment of the market and fisheries facility project.
The project grant component has been completed. The PNG government component will continue until completion in May 2020.
It has kiosks, bank agency and ATM facility, amphitheater, aquarium and first aid amenity.
NFA managing director John Kasu said the Government recognised the need to provide opportunities and options to locals by promoting onshore processing through foreign investment to achieve economies of scale and become competitive in the global tuna processing industry.
“Once this is achieved, it would provide the impetus for development and growth in aquaculture, inland, coastal and inshore fisheries while at the same time putting in place necessary basic support infrastructure and accessibility to markets.
“The overarching objective of this is to enhance the ability of the rural, island and coastal communities to be able to sustainably harvest and earn income from their harvested fisheries and marine resources while at the same time enhance food security,” he said.
There are seven fish market projects funded since the start of the programme in 2006.

One thought on “K300mil market in Alotau to cater for farmers, fishermen

  • It is good to hear such wonderful project is going in the beautiful town of Alotau. At least some good infrastructural development is taking place in the province capital, but just a precaution to the authorities and the regulatory body to manage it properly and give the first priority to the locals in the province, because most of the time vendors from other provinces usually overrule the locals, therefore it is very important for the regulatory body to identify and give the first priority to the locals.

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