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Tuesday, September 28, 2010

PAL bids for contract to build submarine worth USD 400 million

Kilo class submarineThe Jakarta Post reported that state ship builder PT PAL is bidding for a contract from the Defense Ministry to construct submarines worth between USD 350 and USD 400 million each in 2010.

Mr Harsusanto president director of PT PAL said that "The Defense Ministry plans to buy submarines. We expect to win the contract so that we can build the submarines in our plant."

Mr Harsusanto said that the ministry might hold a tender for procurement of the submarines later this year. He acknowledged that PT PAL lacked experience in constructing a submarine.

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