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Thousands Of Jobs In New PNG Madang Fish Centre

Construction of a large centre for fish processing and distribution was being launched formally at a ceremony in Papau New Guinea's Madang province on Friday.

The Pacific Industrial Marine Park is to be built with funding from the World Bank, the Asian Development Bank, AusAID, and the European Union - as well as from China and Japan.

Once completed, it is expected to include 10 processing plants.

These could process 60 per cent of the world's tuna stock.
GroundbreakingThe PacNews agency reports that the PNG Prime Minister, Sir Michael Somare, was officiating at the groundbreaking ceremony, with many of the region's major fishing companies and investors also invited.

The PNG Government says the park will generate 40,000 new jobs, including spin-offs in the areas of security, transport and accommodation.