French Polynesia claims Makemo support for billion dollar aquaculture project Posted at 03:22 on 27 August, 2013 UTC A French Polynesian government delegation says there is overwhelming support on Makemo atoll for a one-billion US dollar aquaculture project with a Chinese investor. The delegation, led by the president Gaston Flosse, discussed the project with local residents and visited sites of the planned venture. He has told local media the final deal will be signed in October for the new entity, Tahiti Nui Marine, to become operational. A Chinese company, Tian Rui, is expected to invest 1.1 billion US dollars over 15 years and create 1,000 jobs. The company will be providing all the equipment and over time train French Polynesians in Shanghai so that in ten years, 90 percent of those working in the industry will be locals. News Content © Radio New Zealand International PO Box 123, Wellington, New Zealand
Posted on: Tue, 27 Aug 2013 04:18:59 +0000
Trending Topics
Recently Viewed Topics
© 2015