Iloilo fish port invites investors-A A +A
Wednesday, March 19, 2014
THE Iloilo Fishing Port Complex at Tanza St. in Iloilo City is inviting investors for public private partnership or full private investments following the expansion of the existing fish processing capacity.
Iloilo fish port manager Engr. Edgar Deysolong said the investment opportunities will focus on the expansion of the fish processing plant which costs about P50 million, establishment of a fish canning facility costing some P20 million, and construction of an alternative energy source worth some P500 million.
Deysolong said the existing fish processing plant has a capacity of five metric tons (MT) per day and is expected to increase at 10 MT in processing aqua-culture produce especially bangus from Iloilo province and the rest of Panay Island.
The fish canning facility will support the output of the expanded fish processing plant while the preferred alternative energy source must be clean and environment-friendly such as from solar, wind, tidal and others with an estimated 0.5 megawatts to serve the power needs of locators engaged in fishery-related industries inside the fish port complex.
The construction of an alternative energy source will provide a sustainable energy source for the facilities and other locators inside the port complex.
The Bureau of Fisheries and Aquatic Resources (BFAR) is building a P200-million expanded fish port to accommodate all fishing vessels bringing in their fish catch to the complex.
Deysolong said the new projects will inspire fish producers of bangus and other fish species to produce more and be assured of a processing facility and ready market.