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Saturday, March 24, 2012

Philippine Navy to sign contract for MRVs this July

[Multi Role Vessel]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.

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