Seafarms has achieved a key regulatory approval required to deliver the mammoth Project Sea Dragon, obtaining the aquaculture licence for the Legune Station operation.
Project Sea Dragon is a $1.45 billion prawn aquaculture project that will see the development of up to 10,000 hectares of land for black tiger prawn production facilities. It is the largest of its kind in Australia.
The Territory Government signed a Project Development Agreement (PDA) in September 2017 which saw Seafarms commit to relocating its headquarters for Project Sea Dragon and the registration of its Australian Securities and Investments Commission registered office in Darwin.
The Aquaculture Licence for the Legune Station operation is a major milestone for Seafarms.
It follows the announcement in May of Japanese global seafood giant Nissui’s investment in the company and Project Sea Dragon in the Northern Territory.
Chief Minister Michael Gunner said Project Sea Dragon was exactly the kind of major project the NT needed.
“It will create up to 1500 jobs, and it diversifies the Territory’s economy by delivering a new industry for Australia,” Mr Gunner said.
“We have already invested over $56 million in roads that will help support this massive job-creating project.
“Seafarms has already committed to working with and providing opportunities for Territory businesses to bid for work in the construction and ongoing operation of the project..”
Minister Ken Vowles said Primary Industry in the NT will played a big role in the economic development of Northern Australia.
“As well as delivering a new industry for Australia — driven from the Territory — it will create hundreds of permanent jobs, including Aboriginal Territorians,” Mr Vowles said.