facebook
twitter
search
search

Taiwan eyes indigenous submarine build

March 21, 2013 at 12:01 PM

TAIPEI, Taiwan, March 21 (UPI) -- Taiwan is studying the possibility of building its own submarines as the United States is seen to dither on a 12-year-old procurement request.

The Ministry of National Defense said in a statement it "is accurately reviewing the relevant plans and budgets."

It is doing so as part of a proposed four-year program it has submitted to the National Defense Industrial Development Foundation. The proposal was made after the country's legislature passed a resolution calling for Taiwan build its own submarines, the China News Agency reported.

Taiwan has four submarines. Two of them are from the United States and two from the Netherlands.

Twelve new submarines were offered to Taiwan during the administration of President George W. Bush but the deal hasn't advanced and is under review at the inter-ministerial level, the report said.

Under the preliminary four-year plan, Taiwan's navy will use the National Defense Industrial Development Foundation and its $236 million fund as its resource base.

Like Us on Facebook for more stories from UPI.com  
Related UPI Stories
Latest Headlines
Top Stories
Reddit CEO Ellen Pao apologizes for firing scandal
Report: Brazil's Petrobras wading dark waters
Oil markets hammered by Greece, Iran and China
Baker Hughes wins Johan Sverdrup contract
Iran envisions post-sanctions oil era