President Ma Ying-jeou is trying to resurrect Project Diving Dragon to create more job opportunities in the shipbuilding industry.
Under the project, which was aborted five years ago, Taiwan would build eight conventional diesel-powered submarines, which President George W. Bush authorized as part of the U.S. arms sales in 2001.
At least five top-level defense meetings have been held to evaluate the possibility that the eight underwater warships can be locally assembled, sources close to the National Security Council said yesterday.
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