By Alexis Romero
MANILA, Philippines - Eleven companies have expressed interest to join the bidding for the acquisition of two Navy ships worth P18 billion.
The 11 firms are Piriou Naval Services, Navantia Sepi (RTR Ventures), Thyssenkrupp Marine System, STX Offshore & Shipbuilding, Damen Shipyards, Fincantieri, STX France SA, Hyundai Heavy Industries, Inc., Garden Reach Shipbuilders & Engineers Ltd., DCNS France and Daewoo Shipbuilding & Marine Engineering Co. Ltd., according to data The STAR has obtained from the Department of National Defense (DND).
It remains uncertain though if all these companies will join the bidding to be held this month.
The frigate acquisition project aims to boost the Navy’s territorial defense capability and disaster response efforts. The project is one of the big-ticket items in the military’s shopping list.
The winning bidder must deliver the ships within four years from the opening of a letter of credit.
Read the full story at The Philippine Star