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Kingfish Harbour Project Now Unlikely
The harbour is now expected to cost up to A$6 million but government-sourced funding only reaches 3.8 million, says a report in Whyalla News
The shortfall will have to be met by Clean Seas and Southern Star Aquaculture - in accordance with a Memorandum of Understanding between council and the Aquaculture industry.
The two companies will use the redeveloped harbour for the fishing industry.
Hagen Stehr, Chairman of Clean Seas, said that the company is still considering what its financial commitment to the project will be but that it is unwilling to pay $3 million for the harbour.
"I promised council that I would do my damnedest to stay in Whyalla but I need some help. We can't carry all the financial burden ourselves," said Mr Stehr.
City Council said that it's up to the industry to find additional funding if A$3.8 million isn't enough for the redevelopment. It has also come to an agreement that the industry will also take responsibility for the construction of the harbour and the project management.
To read the full story click here.
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