Bulgaria signs agreement for Navy patrol ships

Bulgaria has signed an agreement with German shipyard Lürssen for the construction of two multi-functoinal modular patrol ships for the navy worth an estimated €503.1 million. 

The contract is expected to be signed sometime next week, according to business outlet Capital.

The outlet reported the deal was conducted behind closed doors after a weekly cabinet meeting on Wednesday.

The defence ministry's decision to team with Lürssen was challenged earlier in the year owing to contractr competition with Italy's Fincantieri.

The two new vessels are set to replace Russian-crafted vessels which have aged beyond repair.

The deal was concieved back in 2017 but was delayed after the initial proprietor dropped out owing to government spending limits.

It is currently unkown when construction will commence.

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