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State credit supports Austal export of patrol boats

20 August 2019
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Australian shipbuilder Austal has confirmed a deal to supply two 58 m Cape-class patrol boats to the government of Trinidad and Tobago. The contract – valued at AUD126 million (USD85 million) – is supported through state credit provided by the government of Australia.

Austal said the export contract follows an announcement by Austal in July 2018 that Trinidad and Tobago intended to procure the vessels. Following this announcement, Austal signed an interim agreement with Trinidad and Tobago, with fees paid to the Australian company to facilitate early procurement while the contract was being finalised.

The vessels will be delivered to Trinidad and Tobago in the second half of 2020 and will be constructed at Austal’s Henderson shipyard in Western Australia.

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