The Department of National Defense has announced that the Indian shipbuilder Garden Reach Shipbuilders & Engineers Ltd. was not able to meet requirements set for the acquisition of two Philippine Navy frigates.
“The firm from India was post disqualified,” Defense Undersecretary Fernando Manalo told The STAR Wednesday.
He said that the shipbuilder “is not capable financially as per computation of its net financing contracting capacity.”
The disqualification of the Indian shipbuilder, lowest bidder, was confirmed after Western Command chief and head of the Philippine Navy (PN) technical working group Rear Admiral Roland Joseph Mercado announced that representatives from the Navy have visited and conducted post-qualification inspections on South Korea’s Hyundai Heavy Industries (HHI), one of the proponents in the country’s missile-capable frigate project.
The South Korean builder is the second lowest bidder in the frigate acquisition program.
Rear Admiral Mercado added that post-qualification inspection on HHI is “very favorable” and said Navy representatives focused on the proponent’s capability to meet the project’s “technical proposals and technical requirements”.
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