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THE WHITE HOUSE

                     Office of the Press Secretary
                     (Philadelphia, Pennsylvania)
________________________________________________________________________
For Immediate Release                                      April 9, 1999

                   RADIO ACTUALITY BY THE PRESIDENT
                     ON THE PHILADELPHIA SHIPYARD

Last week, the US Navy and Philadelphia signed several important agreements that are good for the city, the Navy, and our nation. I want to thank Mayor Rendell, the people of the United States Navy and others who were critical to this important achievement. These agreements, combined with the decision by the Norwegian company Kvaerner to invest here, will help transform Philadelphia's huge and historic naval shipyard---generating thousands of high paying jobs, helping to revitalize America's commercial shipbuilding industry. Working together, this remarkable partnership of business, labor, and government will modernize the shipyard and train workers to produce state-of-the art commercial ships. Congratulations to the people of Philadelphia on an important new economic venture.

NOTE: Sound from this statement is available on the White House Press Office Radio Actuality Line at 202/456-5671.

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