Province confirms major aquaculture project for Placentia Bay

The Newfoundland and Labrador government has reached an agreement with a company called Grieg Newfoundland AS that could this see province rival British Columbia in aquaculture production. Municipal and Intergovernmental Affairs Minister Keith Hutchings announced Monday in Marystown that Grieg will invest some $251-million in a project that will more than double aquaculture in the province and create roughly 325 direct jobs. He said the province will commit up to $45 million to acquire an equity position in the company. Read the rest here 16:26