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MEXICAN NAVY INVESTS $188 MILLION IN OPV CONSTRUCTION
Friday, July 25, 2014

Source: Secretaría de Marina de México

SAN SALVADOR, El Salvador - The Mexican Navy will build two new 1,680 ton ocean patrol vessels (OPV) at a cost of approximately $188.1 million, according to Mexico's Ministry of Finance.

According to the 2014 national budget, MXN915.7 million ($70.7 million) has been assigned for the construction of the two OPVs. Funding for the Queretaro class or Oaxaca class vessels will be spread through 2016. The first vessel is slated for completion in early 2016 followed by the second in late 2019.

Plans call for a total of four 1,680 ton OPVs to eventually be constructed. The investment is expected to cost about $259 million.

Source:  Info Defensa
Associated URL: www.infodefensa.com
Source Date: July 25, 2014
Source Language: Spanish
Author: R Barrett Edwards, Latin America Analyst 
Posted: 07/28/2014
 

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