Thailand and China have signed a contract on the delivery of the first of three submarines that Thailand’s naval forces plan to purchase from Beijing over the course of the next 11 years, media reported Friday.
BANGKOK (Sputnik) — According to the Bangkok Post newspaper, the representatives of the Royal Thai Navy and Chinese state enterprise China Shipbuilding & Offshore International Co (CSOC) signed the document in Beijing. China introduced no changes to the version of the contract, which was edited by the Thai attorney-general, the daily added.
Under the contract, Thailand will buy three Yuan Class S26T submarines worth a total of around 36 billion baht ($1 billion), with 700 million baht ($20.2 million) due to be paid within 45 days. The first submarine is expected to be delivered within six years. China also agreed to provide CM-708 missiles, which can be fired from the submarine over a range of 290 kilometers (180 miles), free of charge.