The $1.45 billion Project Sea Dragon prawn farm proposed for Legune Station on the border of Western Australia and the Northern Territory has been granted Major Project Status by the Commonwealth and Northern Territory Governments.
The Chair of the Northern Australia Development Implementation Oversight Committee, Northern-based Senator Ian Macdonald, has welcomed the announcement as a great step forward in the development of Northern Australia.
“Following the release of the Northern Australia White Paper the appetite for development in the north is greater than ever.
“And the Project Sea Dragon announcement is clear proof that the Coalition government is absolutely committed to progressing that development for the benefit of all Australians,” Senator Macdonald said.
The granting of Major Project Status recognises Project Sea Dragon’s potential to provide significant economic opportunities to the Northern Territory and kick-start private investment across the north.
“Major Project Status will provide the Project Sea Dragon proponents with access to a range of services and portals that can expedite some Commonwealth and Northern Territory Government processes , such as environmental and biosecurity approvals.
“An aquaculture project of this size is exactly the type of development we want to encourage for the north: development that creates jobs, grows the local economy and increases our export potential.
Once completed and operational, Project Sea dragon will be one of the largest prawn aquaculture farms in the world employing more than 1,600 people.
Production of farmed prawns is expected to be more than 100,000 tonnes each year from this facility alone, a significant increase on Australia’s total current farmed prawn production of 5,000 tonnes a year.
“This is just the first of what I am sure will be a great many projects that unlock the vast potential of Northern Australia,” Senator Macdonald said.