By Alexis Romero
MANILA, Philippines - The Department of National Defense (DND) aims to sign the deal for the P18-billion Navy frigates project in July to fast-track the upgrade of the country’s territorial defense capabilities.
“We aim to perfect the contract for the frigates in July. The contract will have been completed by that time,” Defense Undersecretary Fernando Manalo told The STAR in a recent interview.
Workshops were done last February to determine if the four firms that pre-qualified can move on to the next stage of the bidding.
The four firms that pre-qualified are Navantia Sepi (RTR Ventures) of Spain and South Korean firms STX Offshore & Shipbuilding, Daewoo Shipbuilding & Marine Engineering Co. Ltd. and Hyundai Heavy Industries Inc.
The Navy recently finished studying the documents of the four companies eyeing the project.
Read the full story at The Philippine Star