The two Type-218SG submarines will join the Republic of Singapore Navy's (RSN) fleet from 2024 onwards, Defence Minister Dr Ng Eng said.
Addressing the International Maritime Defence Exhibition (IMDEX 2017), he said the new submarines would be important part of the navy's modernisation efforts.
Ng said the Singapore navy needs to keep pace with the growth of navies in Asia as the naval budget in the Asia Pacific region is expected to increase by 60 per cent by 2020.
"Individual countries need to work together, even as each appropriately strengthens their navies and other maritime security agencies. We must at the same time build up collective platforms to address common security challenges," Ng told a gathering of navy chiefs, diplomats and naval industry officials at the opening of IMDEX 2017.
Singapore has signed a contract with Thyssenkrupp Marine System GmBH for the submarines which will incorporate design innovation and advanced maintenance and engineering concepts to optimise training, operation and maintenance costs.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
