13 January 2014

News Story: Indonesian firm wins bidding for supply of 2 Navy vessels


By Alexis Romero

MANILA, Philippines - An Indonesian company has won the bidding for the supply of two new vessels for the Navy.

Sources told The STAR a notice of award for the P4-billion acquisition of two strategic sealift vessels was issued to PT PAL Indonesia (Persero) late last month.

This was confirmed yesterday by Defense Undersecretary Fernando Manalo, who oversees the military’s upgrade efforts.

“Yes, I think there is a NOA (notice of award) already,” Manalo said when asked whether PT PAL had won the bidding for the project.

PT PAL offered to supply the two ships for $86,980,000 or about P3.864 billion, well within the approved budget of P4 billion.

Read the full story at ABS CBN News