Seafarms Group’s planned $1.4billion prawn farming operation in Kimberley, Western Australia, has been given a big boost by being granted ‘major project’ status by the State Government.
Project Seadragon has been under development by Seafarms for more than four years and is expected to generate hundreds of jobs and make a major contribution to the economy.
Seafarms previously announced that a global investment bank with expertise in the seafood and aquaculture industry would assist the company in securing funding for stage one of Project Sea Dragon.
The initial 10,000 hectare tiger prawn aquaculture facility will be located at a site in the Northern Territories near the Western Australia border, but as the project grows it is anticipated to cover multiple sites.
When fully operational, the project is expected to create 300 jobs at a Darwin-based hatchery and breeding facility and 600 jobs in Kununurra.
Announcing ‘major project’ status to development commits governments to working with the proponents to get the project off the ground.
A Seafarms spokesman said the company anticipated building a workforce able to provide direct sustainable jobs and contracting opportunities across the NT and WA.
