FRENCH POLYNESIA - The French Polynesian government, with help from Chinese investors, is planning a huge aquaculture project on Hao atoll. The venture is expected to cost around $1.5 billion dollars.
Tahiti Nui Ocean Foods is to build 2,800 cages to farm fish, prawns and sea cucumbers for export to China.
Around 500 people are expected to be employed for about two years to build the facilities and once completed, the annual fish production is estimated to be over 50,000 tonnes, reports RadioNZ.
The company, which is a subsidiary of the Chinese Tian Rui group, has in part chosen Hao because its runway is long enough to accommodate planes which can freight the fish directly to China.
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