The Pacific Marine Industrial Zone (PMIZ) project in Madang was given a K100 million allocation in the 2022 national budget that was tabled today in parliament. Minister for National Planning and Monitoring Rainbo Paita said PMIZ is one of the long awaited projects that has been stalled over the years due to funding constraints and therefore was captured in the budget. “The project looks at generating over 40, 000 jobs for ordinary Papua New Guineans as well as several billions of kina for the national coffers,” Mr Paita said. Fisheries Minister Dr Lino Tom said in parliament last week that the project will kick off next year when funding is made available. The Pacific Marine Industrial Zone (PMIZ) project in Madang was launched in November 2015 and also captured in the recent Fisheries Strategic Plan 2021-2030 where the special economic zone for fisheries will provide necessary infrastructure for downstream processing of fish products.