13 Jan 2020
Chief Minister of the Northern Territory
Minister for Primary Industry and Resources
Seafarms’ Project Sea Dragon has commenced construction at the Bynoe Harbour Core Breeding Centre with earthworks and bitumen being laid for access roads, along with outlet ponds and fencing.
$200 million worth of contracts are anticipated to be released by Seafarms for Northern Territory businesses to tender for this year, through the Northern Territory’s Industry Capability Network (NTICN) project gateway.
Project Sea Dragon is a $1.45 billion prawn aquaculture project which will ultimately see the development of up to 10,000 hectares of ponds for black tiger prawn production facilities. It is the largest of its kind in Australia.
Seafarms is working diligently towards financial close to secure this significant project with early works at the Legune Grow Out Facility complete.
In the last year, Seafarms has invested $5.6 million in to the Territory. Works at Bynoe Point, totalling $1.4 million, have been awarded to 100 per cent owned and operated Northern Territory businesses.
In 2019, Seafarms opened its local Darwin CBD office. At full scale, the project has the potential to create around 1500 ongoing jobs, of which around 1000 will be located in the NT (700 at Legune Station and 300 at a Darwin-based hatchery and breeding facilities, along with the main office in Darwin).
The Territory Labor Government has invested over $56 million in roads which will help support this massive job creating project, such as:
In December 2019 the Indigenous Land Use Agreement for the Legune Grow Out Facility was registered by the National Native Title Tribunal, with Native Title Holders having used some of these funds to upgrade the Marralum Outstation.
Stage 1 of the Project Sea Dragon Facility is to consist of 1,180 hectares of land‐based production ponds and 324 hectares of internal recycling ponds at Legune Station, 110 kilometres north east of Kununurra.
Quotes attributed to Chief Minister Michael Gunner:
“Project Sea Dragon is exactly the kind of major project the NT needs. It will create up to 1500 permanent jobs, and diversify the Territory’s economy by delivering a new industry for Australia.
“We are already seeing Territory businesses getting their share of the project with companies like Allan King & Sons Construction, Wallbridge Gillbert Aztec and Larrakia Development Corporation already on site.
“$200 million worth of Project Sea Dragon contracts are going to hit the NT market this year.
“It is an exciting time in the Territory with engineering consultancy work underway on the Ship Lift followed by construction tenders later this year; we will also have three major gas projects making final investment decisions in late 2020 early 2021.”
Quotes attributed to Minister for Primary Industry and Resources, Paul Kirby:
“The Territory Labor Government is focused on creating long term local jobs for Territorians.
“Primary industry plays a vital role in our economic development, and cementing the NT as the capital of Northern Australia.
“This project will create 1500 ongoing local jobs, as well as providing a new industry for the Territory and Australia.”
Quotes attributed to Seafarms Managing Director, Chris Mitchell:
“With the demonstrated support of the Northern Territory Government, Seafarms’ task now is to obtain finance for the first project step and start construction this year.”
Media Contact: Cameron Angus 0404 021 192