The Government of Thailand has decided to acquire a South Korean-made frigate scheduled to be delivered in the next five years, reports xinhuanet.
The cabinet, headed by Prime Minister Yingluck Shinawatra, approved the Thai N avy’s plan to procure the 3,700-ton ship with the price tag of $486 million. Under the proposal, the Navy will contract Daewoo Shipbuilding and Marine Engineering to build the frigate that will include the latest stealth technology .
Construction of the frigate will start later this year with the completion deadline set for 2018.
[mappress] Shipbuilding Tribune Staff, July 30, 2013