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| Hilo, Hawaii News, Sports, & Information |
Thursday, September 2, 2010 |
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Posted: Saturday, October 29th, 2005 1:41 PM HST
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Ferry company closes deal on financing
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HONOLULU (AP) The company seeking to launch an interisland ferry in Hawaii has closed on nearly 200 (m) million dollars in financing.
Federal maritime officials say Hawaii Superferry officials signed documents with investors and the federal government in Washington today.
Included was a loan guarantee by the U-S Maritime Administration for the construction and financing of the two high-speed catamaran ferries under construction in Alabama.
The financing is one of the final hurdles for Hawaii Superferry, which aims to begin interisland service linking Honolulu with Maui and Kauai in 2007.
Meanwhile, the planned ferry service is being challenged by environmental groups that have filed two lawsuits. The groups say the company should have completed a detailed environmental review before moving ahead with the project.
(Copyright 2005 by the Associated Press. All rights reserved.)
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