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Tuesday, April 30, 2013

PH earmarks P18 billion for two new warships

Gregorio del Pilar (Hamilton-class) |The government has allocated P18 billion for the purchase of two brand new frigates as the Department of the National Defense (DND) has opted to ditch its original plan of purchasing second-hand war ships.

Fernando Manalo, DND Undersecretary for Finance, Munitions, Installations and Materiel, said the original allocation for the second-hand frigate is P6 billion each to maximize what the budget that the government has.

“We realized that it will be expensive in the long run if we are going to buy second hand,” said Manalo.

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