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Published: Monday June 16, 2014 MYT 7:28:00 PM
Updated: Monday June 16, 2014 MYT 7:29:43 PM

Royal Caribbean group plans to build pier in Taiwan

TAIPEI: Royal Caribbean, one of the world's largest cruise lines, on Monday signed an initial agreement with Taiwan to jointly build a pier on a scenic island group in the Taiwan Strait.

The pier in Penghu will cost an estimated Tw$1 billion ($33.3 million).

Miami-based Royal Caribbean will have a 51 percent stake in the investment, with the state-owned Taiwan International Ports Corporation holding the remainder, the Taiwanese company said.

It said the pier, due for completion in 2016, would be able to accommodate calls by the 225,000-tonne Oasis of The Seas, the world's largest cruise ship.- AFP


Tags / Keywords: Taiwan, US, port, tourism, shipping, regional

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