Its Official: The
Philippine Navy will be having a brand new modern warship.
As reported in
Inquirer.net, South Korea’s Hyundai Heavy Industries (HHI) has secured a
contract to build two corvettes for the Philippine Navy for P25 billion.
A notice of award was
issued by the Department of National Defense (DND) last Dec. 15. A contract
signing could happen before yearend, said the senior officials.
One of the Sokor's Pohang class corvette in service to the Philippine Navy (photo credit to owner) |
The
acquisition would be financed by a government-to-government loan agreement, Department
of National Defense (DND) Secretary Delfin Lorenzana said in earlier
statements.
HHI
has been the favored supplier for the program since it was announced in 2019,
based on statements of top defense and navy officials. The South Korean
shipbuilder also built two multi-role frigates for the Philippine Navy in a P16
billion contract in 2016.
The
corvette acquisition project, which is estimated to cost P28 billion including
weapon systems, is one of the big-ticket items in the Philippine Navy’s upgrade
program. Plans to acquire the corvettes had been stalled last year because of
the diversion of defense funds to pandemic response.
The
warships would boost the country’s presence around the archipelago especially
in the West Philippine Sea(WPS) , where tensions continue to rise.
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