An Israeli government decision to purchase a second huge oil tanker from Japanese shipyards was announced here today. It has also been decided to build a large shipyard at Haifa, with the participation of the Japanese. Both decisions were reached by the Cabinet committee of economic ministers.
The new 47, 000 ton tanker will cost $7, 000, 000, which represents a saving of $1, 500, 000 below the price of the first Japanese tanker ordered by Israel. The current world-wide shipbuilding slump contributed to the lower price.
The first phase of the shipyard project at Haifa will cost an estimated $10, 000, 000, which the Japanese will supply 30 percent in the form of equipment, it was learned. There is said to be a possibility that French investors will join the venture.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
