The Australian shrimp farmer Seafarms Group has successfully cultured its third generation of shrimp as part of its specific pathogen-free (SPF) program at its huge planned Queensland farm, Project Sea Dragon.
The SPF program was started in 2016 and is an essential early phase investment to develop a domesticated production of black tiger prawns, Seafarms said in its latest project update.
Furthermore, work has finished on the crucial Keep River Bridge, a key part of the Keep River Road running from Western Australia to the Northern Territory. Seafarms said it expects the road, which runs to the boundary of the Project Sea Dragon site, to be completed by October this year.
"The all-weather surface should also enable some elements of the construction to extend further into the second wet season than originally planned, potentially also reducing the time to complete the Legune works and then production," the group said.
Finally, Seafarms said that it would also be meeting with a member of an undisclosed financial services group to arrange the construction debt for the project, which could come up to AUD 150 million ($106m), the farmer said.
"While not material in itself, the appointment of a sole arranger for the proposed financing is an important step for the financing of Project Sea Dragon, and we look forward to working closely with the arranger to progress the due diligence, credit processes, and legal documentation for the project debt funding expeditiously," Seafarms executive chairman Ian Trahar said.
July 24, 2020 at 04:18PM
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Seafarms cultures third generation of SPF shrimp at Project Sea Dragon - Undercurrent News
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