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| The MRRV is used by the Japanese Coast Guard |
The Department of Transportation and Communications (DOTC) has awarded a project to enhance the Philippine Coast Guard’s (PCG) ability to protect our seas, particularly the construction of ten (10) 40-meter multi-role response vessels or MRRVs and their staggered delivery from the third quarter of 2016 up to the third quarter of 2018.
"This project is part of government’s program to equip our forces with necessary assets to protect the national marine interest. These 10 new vessels will help the Coast Guard in its functions of maritime law enforcement, search-and-rescue operations, and upholding maritime security within Philippines seas,” said DOTC Secretary Jun Abaya.
The project, formally called the Maritime Safety Capability Improvement Project, was awarded by the transportation department to the Japan Marine United Corporation (JMU) last week. It is being implemented as an Official Development Assistance (ODA) project, via a tied loan extended by the Japan International Cooperation Agency (JICA).
The loan facility covers P 7,373,700,000.00 out of the total project of P 8,807,700,000.00. The balance will be sourced from the Philippine counterpart of P 1,434,000,000.00.
Read the full story at Navy Recognition