MAR.TPT.II

closed

The project would provide for: (a) rehabilitation of about 54,500 dwt of existing inter-island ships; (b) procurement of about 52,000 dwt tons of used cargo ships; (c) procurement of about 50,250 dwt of new standard cargo and cargo-passenger ships; (d) scrapping of about 70,000 dwt of existing inter-island ships; (e) a technical assistance and training program to support and improve inter-island fleet operations and planning and to train marine officers and engineers; (f) a study to determine further needs for RLS shipping during Repelita II and beyond. The proposed loan would finance the procurement of most of the used ships and ship rehabilitation and about half of the foreign exchange cost of the technical assistance.