The Department of Budget and Management (DBM) released the initial funding for the Philippine Navy’s (PN)’s acquisition of six offshore patrol vessels (OPVs) worth ₱3 billion. The Special Allotment Release Order (SARO)-BMD-D-22-0004970 was released to the Department of the National Defense (DND) on Thursday, June 16, to “cover the funding requirement for the Offshore Patrol Vessel Acquisition of the Philippine Navy under the Revised Armed Forces of the Philippines Modernization Program.” Earlier, Defense Secretary Delfin Lorenzana said South Korean shipbuilder, Hyundai Heavy Industries (HHI), was selected by the PN’s technical working group (TWG) for its OPV project.

₱3 B released for Navy's offshore patrol vessel project. (2022, June 18). Manila Bulletin, pp. 1, 5.