Key work on Seafarms Group’s $1.5 billion Project Seadragon to crank up this dry

The proponent of a $1.5 billion prawn farm southwest of Darwin, says key work will start up this dry.

THE proponent of a $1.5 billion prawn farm southwest of Darwin, Seafarms Group (SFG), says key work will crank up this dry season.

Seafarms and Canstruct, the company it signed an MOU with in March to be the managing contractor for phase one of its Project Sea Dragon (PSD), have now executed a project framework agreement.

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The binding framework agreement formalises key commercial matters, governance of the management process and importantly locks in pricing for an initial package of construction works.

Canstruct will be responsible for all of the procurement, risk management and work packages management associated with stage one.

Seafarms said the two companies have inked the deal for the initial package of works that involves five key contracts worth almost $80 million.

All going well construction work at the Grow Out facility on Legune Station will start this dry season.

Canstruct is sending a small team to Darwin to help with engagement and to ramp up construction.

Stage one will see about 1120ha of land-based production ponds at Legune Station as well as the development of the necessary facilities at the other sites.

Project Sea Dragon has been awarded Major Project Status by the Northern Territory and WA governments.

Seafarms needs to build 396ha of ponds, and associated infrastructure, to hold 6000 tonnes per annum of black tiger prawns. Seafarms said the Exmouth Founder Stock Centre and Bynoe Core breeding and broodstock maturation centres’ design and pricing are well advanced which will enable procurement for works to start hopefully at both sites this dry season.