Greece will acquire new corvettes the Supreme Naval Council of the Hellenic Navy has decided on Wednesday.
The decision was reached in the context of the program by the Navy for the renewal of the fleet together with the procurement of Belharra frigates and the modernization of the MEKO frigates.
According to media information, Italian and French proposals are considered the most dominant, while there is also the Dutch one – however, the procurement process is still at the beginning.
Chiefs of General Staff Council will follow on the matter, and then the Directorate of Equipment will take over to negotiate with the interested parties. The final decision will be taken by the Government Council for Foreign Affairs and Defence (KYSEA).
The Ministry of National Defense has committed funds totaling approximately 2.5 billion euros, which will be allocated to the purchase of three corvettes and the upgrade of the four MEKO-class frigates.
The amount is expected to increase over time, as the hidden costs are reportedly impossible to predict in advance.
“The amount is expected to increase over time, as the hidden costs are reportedly impossible to predict in advance.”
I expect some of the “hidden” costs will be concealed in a number of brown envelopes.