The Philippine Navy is eyeing to start the corvette acquisition project under the Second Horizon of Revised Armed Forces of the Philippines Modernization Program (RAFPMP) as early as possible, MaxDefense Philippines said in a post today, May 3, citing confirmation from several sources.
However, MaxDefense noted that the proposed budget of PHP28 billion for the acquisition of 2 guided missile corvettes is not part of the horizon 2 priority projects approved in-principle by President Rodrigo Duterte last year.
“The corvettes will be funded through MYOA (Multi-year Obligational Authority) using other sources of funding (not through the annual general appropriations find for the Revised AFP Modernization), which makes it difficult to confirm,” MaxDefense added.
Read MaxDefense Philippines’ post for detailed information regarding this proposed acquisition project: https://www.facebook.com/Maxdefense/posts/706384439532216
Meanwhile, Philippine Navy’s frigate acquisition project worth PHP18-billion for 2 frigates is underway.
Steel cutting ceremony for the first frigate was held a couple of days ago in Hyundai Heavy Industries (HHI)’s facility in Ulsan, South Korea.
HHI is expected to launch the first frigate by May 2019 and is expected to be delivered in second half of 2020.
Steel cutting ceremony for the second frigate is expected in September, with delivery expected in first half of 2021.
Sources: https://www.facebook.com/Maxdefense/posts/706384439532216; http://www.pna.gov.ph/articles/1033922