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Tuesday, January 25, 2011

Brazil to reevaluate $6 bln warships plan-report

RafaleBrazilian President Dilma Rousseff will reevaluate a 10 billion real ($6 billion) plan to purchase 11 warships as she seeks to streamline government expenses, local newspaper Folha de S.Paulo said on Monday, citing people familiar with the decision.

Rousseff, who also is reviewing a plan by her predecessor and political mentor, Luis Inacio Lula da Silva, to buy at least 36 fighter jets, is concerned that the plans could derail her efforts to control a surge in government expenses, the newspaper reported.

The plan involves the purchase of 11 ships to patrol and protect Brazil's offshore oil finds, some of which are located more than 120 miles (193 km) into the Atlantic Ocean. Potential bidders for the plan include U.K.'s BAE, France's DCNS and Germany's Thyssenkrupp, the newspaper reported.

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