Almost $20 million is being invested into seeing if up to 600 tonnes of yellowtail kingfish a year can be farmed on land in Northland.
The $19.8m for the project, which will be based at the Niwa Marine Research Centre at Bream Bay, includes $6m from the Provincial Growth Fund (PGF) announced today by Regional Economic Development Minister Shane Jones.
Niwa will put in $7.84m and Northland Regional Council up to $6m towards the project.
Jones said the PGF is investing $6m in a land-based aquaculture pilot to see whether yellowtail kingfish can be commercially farmed in Northland.
He said a recirculating land-based aquaculture system will be built and operated at the Niwa Northland Marine Research Centre at Bream Bay. The system is a prototype to see if it is technically and economically feasible to grow 600 tonnes of yellowtail kingfish to market size on land each year.
Niwa has been experimenting with farming fish at the centre for more than 17 years.