MIAMI -- A cruise ship once earmarked for Hawaii cruises and partially financed with U.S. taxpayer money will fly a foreign flag after its construction is completed in Europe.

The ship, one of the two Project America vessels commissioned by now-defunct American Classic Voyages, is being bought by Norwegian Cruise Line.

NCL said it will acquire the ship's partially completed hull from Northrop Grumman Corp. The price was not disclosed. The project is slated for completion in 2004.

The ship was under construction at Northrop's Ingalls shipyard in Pascagoula, Miss. NCL said it has not determined if it will construct the second Project America ship.

Under NCL, the vessel will be reconfigured to accommodate the line's Freestyle Cruising concept, including eight different on-board restaurants. NCL said 80% of the cabins will have an ocean view, and 85% of those will have balconies.

The vessel will be subject to U.S. cabotage laws because it will fly a foreign flag. Non-U.S. flagged ships must make a foreign call on voyages that begin and end in the U.S.

Andrew Stuart, NCL's senior vice president of sales and marketing, said the Project America deal was "not related" to recent discussions that NCL has been having with Hawaii Sen. Daniel Inouye about expanding the NCL product in the 50th state.

Stuart said it was too early to tell where the ship will be deployed.

In 1999, the Maritime Administration (Marad) agreed to provide $1.1 billion in loan guarantees to Ingalls to finance construction of the two ships. Marad paid $187 million of that amount in December for work completed on the first ship, a spokeswoman said.

Marad has agreed to give up a lien on the first ship in order to recover its share of the proceeds from Northrop, which the spokeswoman said was a minimum of $2 million.

Project America -- the first major passenger shipbuilding program in the U.S. in more than 40 years -- hit rough seas during its four-year history. Although it was hailed as an attempt to return shipbuilding contracts to the U.S., critics derided the project for being overbudget and behind schedule.

Work stopped in October after AMCV declared bankruptcy.

In May, after trying to market the hull to other cruise companies and the military, Marad authorized Northrop to dispose of the ship.

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