Jump to content

Thailand Video News: Defence Minister to Meet Thai PM Over Submarine Deal (short)


Recommended Posts

 

 

Defence Minister to Meet Thai PM Over Submarine Deal:

Defence Minister Sutin Klungsang plans to meet Prime Minister Srettha Thavisin to discuss the controversial submarine procurement project. If approved, the proposal will be submitted to the Cabinet. The urgency stems from China's desire to conclude the deal, having invested significant time. Initially, Thailand aimed to buy three submarines from China for US$1.06 billion, but budget constraints reduced it to one for 13.5 billion baht. Issues arose over unavailable German engines, leading China to offer a domestic substitute. The Defence Ministry is now amending the contract to extend its term and change the engine type, pending final Cabinet approval.

Link to comment
Share on other sites

Seems they could have stopped the deal. The amount paid already is a sunk cost and they won't get it back so just take the savings from not concluding the deal and add it to the 10,000 baht project. 

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.








×
×
  • Create New...