The Israel purchasing mission in Germany has signed orders totalling $6,400,000 from German reparations payments for two freighters and a floating dock to be built by German shipyards, the mission announced here today.
German North Sea shipyards will build two 3,000-ton freighters and the Flenderwerke shipyard at Luebeck will build the floating dock, which will be able to repair vessels with a displacement of up to 20,000 tons. The ships and the dock are scheduled to be completed by the Summer of 1954 and will, for the first time, permit Israeli vessels to be repaired at Haifa.
Payment for the vessels will be made in several installments, and will be allotted from the reparations schedules of the next few years. This is the first instance of orders of capital goods of such magnitude under the reparations agreement. It is expected that other major orders will follow shortly.
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