The ground breaking ceremony will happen to tommrow (Monday) at the project site in Vidar, Madang.
The key note address and launching will be done by Prime Minster Peter O'Neill.
Once off the ground, it will see the construction of more fishing canneries.
It will increase employment and also generate income.
Also on the official program tommrow are Madang Governor Jim Kas, Fisheries Minister Mao Zeming, Commerce and Industry Minister Richard Maru and Chinese Ambassador Li Ruiyou.