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Million dollar fish released into Sydney Harbour

Million dollar fish released into Sydney Harbour

A giant kingfish will be released into Sydney Harbour with $1 million on the line for the lucky fisherman who ends up catching it.

Harbour of Life festival organisers have announced plans to release a tagged fish into the western side of the harbour, spanning from Barangaroo to Pyrmont.

The only way the giant fish can be caught is with a net as it cannot be fitted with a tracker, like the ones used on sharks, because they only reveal a location when he fish surfaces and kingfish stay submerged.

The competition, designed by the Western Harbour Alliance, is part of an effort to kick-start Sydney after coronavirus. 

“The $1 million kingfish is going to cause a lot of excitement among the millions of anglers across NSW and Australia,” Bob Baldwin, chairman of the Australian Fishing Trade Association, told the Daily Telegraph.

“I can't think of a better place in the world to wet a line and maybe catch a fortune right in the heart of our magnificent city.”

Organisers are hopeful that the festival will rival Vivid, which attracts millions of tourists to the harbour every year and generates $172 million.

The festival would begin with a 'sculptures in the sea' exhibition, similar to Hong Kong's annual aquatic art festival.