Ministry, Daewoo sign $1b contract for 3 submarines
Novan Iman Santosa, The Jakarta Post, Jakarta | Wed, 12/21/2011 4:26 PM
The Defense Ministry and Daewoo Shipbuilding Marine Engineering (DSME) of South Korea signed a contract on Tuesday evening to build three submarines, the ministry said in a statement on Wednesday.
The contract was signed by the ministry’s Defense Facilities Agency chief, Maj. Gen. Ediwan Prabowo, and DSME president and CEO Nam Tae-sang.
Witnessing the contract signing were South Korean Ambassador to Jakarta Kim Young-sun and South Korean defense attaché Col. Cheol Moo-dae as well as officials from the Indonesian Defense Ministry, Indonesian Military (TNI) and Navy headquarters.
Under the contract, two submarines will be built in South Korea involving state-owned shipbuilder PT PAL, while the third submarine will be built at PT PAL’s facilities in Surabaya.
The ministry did not reveal the contract value, but The Korea Herald reported on Wednesday that it was worth US$1.1 billion. It also reported that the submarines would weigh 1,400 tons and be 61.3 meters long. Each sub will be able to carry up to 40 crewmembers and be equipped with eight weapon tubes for torpedoes and other weapons.
DSME plans to complete the contract by the first half of 2018.
