Aid for Prawn Farms in Relief Package
07 August 2008PHILIPPINES - The Philippine fishery industry could get a P300 million boost from the Department of Agriculture to restore 4,000 hectares of prawn farms that have been left idle.
Cadiz City Mayor Salvador 'Bading' Escalante Jr said Gov. Isidro Zayco had instructed him to include the restoration of the farms in the repair programme for the damage caused by typhoon Frank.
The restoration will affect farms in Bago City, E.B. Magalona, Silay City, Talisay City and Cadiz City according to a report in the Sun Star.
The P300 million fund will come from the Asia Fund that President Gloria Macapagal-Arroyo had ordered to help with the relief effort for the fishing industry in Negros, especially in Cadiz.
The 'soft loans' to be handed out to the fishing industry are expected to be interest free.
The cash will not only go to providing fishing boats, destroyed in the typhoon , but also restoring the prawn farms and expanding tilapia farming in the region.
TheFishSite News Desk
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