Monday, February 28, 2011

Rp 950b targeted for Maluku fish export project

The Jakarta Post, Jakarta | Tue, 03/01/2011 3:23 PM | Business

The government is targeting to invest Rp 950 billion (US$108.3 million) in efforts to make Maluku province the world’s biggest seafood exporter by 2015.

Previously, the Maluku governor requested Rp 16 trillion for the purpose, but the amount was declined.

Up to Rp 120 billion will be channeled toward fish farming.

Fishing from the ocean dominated 2009’s fish production, Fadel said.

“This catching method will be changed to an industry more focused on farming,” he said.

The government is planning to build fish ports to support the export activity. Up to 12 areas in region are likely to be developed for this purpose, he said.

The government will allocate Rp 2 billion to build ports, but its plan will also need at least Rp 2 trillion in investment.

According to the government, Maluku has the potential to produce 1.6 million tons of fish a year.

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