By Alexis Romero
MANILA, Philippines - Four companies have qualified for the next stage of the bidding for the acquisition by the Philippine Navy of two frigates worth P18 billion.
Navantia Sepi (RTR Ventures) of Spain and South Korean firms STX Offshore & Shipbuilding, Daewoo Shipbuilding & Marine Engineering Co. Ltd. and Hyundai Heavy Industries, Inc. hurdled the first stage of the bidding process, which involved the inspection of company documents, The STAR learned.
Fourteen firms bought bid documents but only seven submitted bids for the frigate acquisition project, one of the big-ticket items in the Armed Forces of the Philippines’ upgrade program. The ships can be used to boost the Philippines’ security presence in the West Philippine Sea and conduct humanitarian missions.
Read the full story at The Philippine Star