Thailand‘s navy on Tuesday acknowledged that it had dropped plans to purchase four second-hand German submarines for an estimated 7.6 billion baht (250,000 dollars), media reports said.
"The deadline for the purchase has passed (on February 29) ... and the navy will not seek to keep the buying option," Navy Chief Admiral Surasak Runroengrom told The Nation newspaper.
Defence Minister Sukumpol Suwanatat had reportedly nixed the deal after several reviews of the navy‘s submarine purchase plan.
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Tuesday, March 13, 2012
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