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- Seafarms Group (SFG) has signed Canstruct to be the Managing Contractor for phase one of its Project Sea Dragon (PSD)
- PSD aims to build an industrial-scale black tiger prawn aquaculture facility in northern Australia, an ideal location for prawn production
- The project has been awarded Major Project Status by the WA and Northern Territory Governments due to its economic opportunities
- Phase one of the PSD will involve building 396 hectares of ponds, which need to be able to hold 6000 tonnes per annum of prawns
- According to Seafarms, Canstruct will be in charge of procurement and risk management as well as managing the work packages
- Shares in SFG are up 3.26 per cent at 9.5 cents per share
Seafarms Group (SFG) has signed Canstruct to be the Managing Contractor for phase one of its Project Sea Dragon (PSD).
The project itself is an industrial-scale black tiger prawn aquaculture facility that will be ideally located in northern Australia.
PSD has already been awarded Major Project Status by the WA and Northern Territory Governments due to its economic opportunities.
According to Seafarms, Canstruct was selected to lead the project due to its extensive experience in building projects over the lasts several decades.
The business will be in charge of all of the procurement, risk management and work packages management associated with phase one of the PSD.
SFG needs to build 396 hectares of ponds, and associated infrastructure, to hold 6000 tonnes per annum of black tiger prawns.
“Canstruct has significant project experience in the same type of civil work as Project Sea Dragon and has a wealth of experience in remote sites in Australia and internationally,” Managing Director Chris Mitchell said.
“Seafarms recognises a relationship with Canstruct can simplify procurement and
construction, enabling an earlier construction start, reduce the risk of cost and time overruns as well as leveraging relevant project team skills,” he added.
Seafarms Group shares are trading up 3.26 per cent at 9.5 cents per share at the close of market on Thursday.
