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* Korea grants Sri Lanka Rs. 375 million to develop aquaculture sector
Fri, Mar 17, 2017, 11:35 am SL Time, ColomboPage News Desk, Sri Lanka.

Mar 17, Colombo: Korea will grant Rs 375 million (US$ 2.5 million) for the development of the aquaculture sector in the country as a result of the discussions held by State Minister of Fisheries and Aquatic Resources Development Dilip Wedaarachchi with the Korean Ministry of Ocean and Fisheries.

The State Minister said the money to be granted will be given to the National Aquaculture Development Authority (NAQDA) to develop the sector. The NAQDA has already identified the projects that would be funded by the Korean grant. Accordingly, proposals have been submitted for establishing an industrial zone for the production of shrimp and fish-based products.

As a result of the state minister's recent visit to Korea, Korean National Federation of Fisheries Cooperatives has provided aid to set up a fishery village consisting of 100 houses for the fishermen families. Construction of the houses has already been started in the Ambalantota Bataatta village and construction work of 25 houses are in the final stage.

Korean National Federation of Fisheries Cooperatives has also agreed to donate two fisheries technical colleges and one technical college will be established in the North while the second will be established in the South, said the Minister.

In addition Korea has agreed to construct multipurpose fisheries harbors in Udappuwa, Chalai, Madagal, Delft and Tangalle. They have agreed to do the feasibility studies as well as the planning free of charge and a high level team will be in Sri Lanka next week.


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