PCG signs ₱25.8-B deal for 40 patrol boats
Manila Bulletin
|May 24, 2025
The Philippine Coast Guard (PCG) signed a P25.8-billion contract with French shipbuilding company, OCEA, on Thursday, May 22, for the acquisition of 40 units of 35-meter fast patrol craft, sealing the largest single-purchase in the PCG's modernization.
The contract was signed by Department of Transportation (DOTr) Secretary Vince Dizon, French Ambassador to the Philippines Marie Fontanel, PCG Commandant Admiral Ronnie Gil Gavan, and OCEA chief executive officer Roland Joassard.
The deal is supported through a government-to-government (G2G) financing agreement under the Agreement on Financial and Development Cooperation (AFDC) between the Philippines and France.
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