2 Aug 2004

Niue fish processing plant predicted to boost island economy

7:10 am on 2 August 2004

Reef Shipping, the Niue Government's joint venture partner in a new fish processing plant to go into production soon, says it will be a huge boost to the island's economy.

Niue estimates that a total of three million New Zealand dollars have been invested in the plant at Alofi.

The partners say it will open and begin processing fish from Niue's exclusive economic zone in mid September, employing 30 people when it's in full production.

Kim Gordon, Reef Shipping's Auckland-based general manager, says it should be great for the island, which will see many spin-offs.

"The people working in the factory will be earning income from external sources so their salariess and wages will be additional funding for the Niue economy. And there's going to be increased demand for products and services, and there's going to be opportunities for private individuals to set up their own businesses to serve the fishing boats."

Kim Gordon says the extra jobs will cover things like bait supply, repairs, and meals and entertainment onshore.