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Dutch Company To Build Harbor

Maritime Activity Reports, Inc.

April 20, 2000

Dutch construction group Ballast Nedam won a $63.83 million contract to build a harbor in the Gaza area. The construction will be financed by the Dutch and the French government, the Palestinian Authority and the European Investmentbank. The construction activities, in cooperation with French construction firm Spie Batignolles, are expected to take about 25 months.
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