Funding extended for Hellenic Navy orders at Skaramagas, Elefsis Shipyards

Funding extended for Hellenic Navy orders at Skaramagas, Elefsis Shipyards

Two amendments tabled by the government under the omnibus development bill on Wednesday will provide additional funding to the Hellenic and Elefsis Shipyards to March 2020 for contractual obligations and staff wages at both facilities.
The shipyards have outstanding contracts with the Hellenic Navy. Hellenic Shipyards (also known as Skaramagas from its location) will be funded with an additional 21.5 million euros to complete four submarines, while Elefsina will be funded with an additional 7.65 million euros to complete two torpedo boats. The funds will be provided through the National Defence ministry's budget, and the public investment branch in particular.
In addition, National Defence Minister Nikos Panagiotopoulos said he had tabled an amendment for funding wages at each of the shipyards. He explained that the funding was of an emergency nature, extending the Hellenic Navy's program which ended on September 31, and revealed that the first of the two torpedo boats will be delivered to the navy within 2020.
He added that the process of looking for an investor for the shipyards is ongoing.

Previous Next
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using

These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.

These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.

These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.