The customary landowners of Amanab 1-4 and Imonda consolidated forest management area (FMA) will provide seed capital for the development of the Vanimo Coastal Fishery Development (VCFD) project.
VCFD chairman Kevin Yehiura Muriki said the K18 million project will be managed by Paradise Tuna Corporation Ltd.
The project site will be at Ningra Village, about 2km outside Vanimo town.
Muriki said the project’s main aim is to reinvest and diversify the landowners’ revenue.