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Project for Utilizing Recycled Industrial Water and Cage Culture in Cangnan
【Fonts: Large Medium Small 【Source: Wenzhou China 【Date: 2013.07.04】

I. Project No.:

Modern Agriculture 29

II. Project Location:

Mazhan Town of Cangnan County

III. Project Planning, Background and Construction Conditions:

China is the largest producer of aquaculture. Its aquaculture production began to exceed that of capture in 1988. The growth of aquaculture in China has spurred the development of both domestic fishery sector and world aquaculture by bringing about changes in supply and demand of aquatic products, and in the structure of the aquaculture industry.

Fishery sector in China is experiencing a critical moment when its production is restrained by fishery resources, market, operation mechanism, consumer attitude and other factors. At a time when fishery resources are dwindling, growth of fishery production can only be sustained by developing aquaculture, specifically by increasing cultivation density and production of unit water area, and by opening up new cultivating area.   

IV. Construction Scale, Content and Investment Estimation:

The project occupies a land area of 500 mu (33 ha), with total investment of around 2.01 billion yuan. Suppose an annual tuna production of 5,000 tons, which is worth 2,955 million yuan, foreign exchange equivalent to 980 million yuan can be earned, and tax revenue of 170 million yuan can be expected by the local government.

V. Preparation or Progress:

The project was approved and initiated in November 2012.

VI. Ways of Cooperation:

Project participation shall follow the principle of government-led and commercialized operation, investment diversification, and entirely capital operation. Participating enterprises shall assume sole responsibility for their profits or losses. Possible debt financing solutions include syndicated loan and finance lease.

VII. Contact Details:

Unit to Contact: Cangnan County Bureau of Science and Technology

Person to Contact: Chen Xingguo

Tel: +86-13958701926

Add: Cangnan County Administration Center, Cangnan, Wenzhou, Zhejiang, PRC,  325800

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