Friday, March 23. 2012
MANILA — Philippine Navy (PN) flag-officer-in charge Vice Admiral Alexander Pama on Thursday expressed optimism that the contracts for the service's two multi-role vessels (MRVs) will be signed by July this year.
With the expected signing of this vital document, the contracting shipbuilder can proceed ahead with the construction of the above-mentioned ships as per design specification of the Philippine government.
The acquisition cost for the two MRVs is estimated to be worth P10 billion.