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THE PACIFIC RIM

First Floating Complex Planned

May 15, 1987

TOKYO — Japan plans to build a floating complex of shops, automated offices and a hotel in Nagasaki in a bid to save the recession-hit shipbuilding industry.

Officials of the Transport Ministry said the 108,000-square-foot steel structure, first of its kind in the world, would carry two 12-story buildings and cost more than $130 million. Work is expected to start next year and end in 1990.

The project, to be operated jointly by private interests and local government authorities, could help create demand for similar floating structures elsewhere in Japan and abroad, the officials said.

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