TAHITI COMPANY MAY REVIVE FIJI SHIPYARD

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SUVA, Fiji Islands (April 29, 2000 – Radio Australia)---Suva's troubled shipyard -- Shipbuilding Fiji Limited -- could begin operating again soon if plans by a company from Tahiti to sign a boat building contract worth $10 million go ahead.

The shipbuilding company is currently in receivership, partly because the New Zealand owner has failed to pay for its shareholding.

Fiji's Attorney General, Anand Singh, said the order is for at least 30 ships, to be funded under a European Union aid plan for French Polynesia.

Mr. Singh said the government may buy out the majority shareholder, and possibly float the company.

"We're hoping to appoint new receivers and one of the primary duties of the receiver will be to see the impasse over shareholding is resolved," he said.

For additional reports from Radio Australia, go to PACIFIC ISLANDS REPORT News/Information Links: Radio/TV News/Radio Australia.

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