The Royal Thai Navy (RTN) expects to submit a proposal within the next few months to procure the first of three S26T (Thailand) diesel-electric submarines from China, IHS Jane's understands.
Under an 11-year procurement plan currently being finalised by the RTN, funding for the first boat will be sourced from the 2017 defence budget. Orders for two additional boats would be expected before 2021-22, with payments to China continuing until 2027, sources have confirmed to IHS Jane's.
The total value of the programme is expected to reach about USD1.12 billion, making it Thailand's most expensive acquisition along with its procurement of 12 Saab Gripen fighter aircraft, which were ordered in two batches in 2008 and 2010.
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