"We're really pleased to have secured regional funding which is to be invested in sustainable marine technology, infrastructure creation and the human capital required to facilitate that long-term.
"Implementation of the project is expected to smoothly navigate resource consent processes, with Northland Regional Council already providing written approval and Waikato Regional Council reviewing consent currently.
"Last financial we were pleased to grow our tio business by 10 per cent, so the loan is also an acknowledgment of our value of whakatipuranga in safeguarding fisheries for future generations," he says.
Fiona Wikaira, general manager operations – shellfish and meals, says permanent, full-time employment positions are expected to become available throughout regions in which Moana New Zealand farms and harvests oysters.
"Early indications show more than 30 jobs at Parengarenga, Whangaroa, Coromandel, Orongo and Kerikeri, which we're obviously happy to announce in the context of this difficult year.
"We're committed to continue delivery of talent pipelines as part of our 2023 aspirational oyster plan," says Wikaira.
Moana New Zealand will utilise the Provincial Growth Fund loan facility to remove historic infrastructure, purchase and construct "flip farm" componentry, commission contractors, ensure water quality standards are met and conduct training.
Increased processing capacity and implementation of new packaging technology – which isn't subject to Provincial Growth Funding – in Moana New Zealand's Wiri plant may also create more jobs.
About Moana New Zealand's Pacific Oysters
As a fully Māori-owned company, Moana New Zealand abides by the customary principle of kaitiakitanga. The lightest touch possible in caring for and harvesting our oysters ensures a better product and inter-generational sustainability of this natural taonga (treasure).