Monday, July 29, 2019

DBM releases SARO worth P3.8B for 3 AFP modernization projects

Posted to Mintfo (Jul 29, 2019): DBM releases SARO worth P3.8B for 3 AFP modernization projects

The Department of Budget and Management (DBM) approved and released a Special Allotment Release Order (SARO-BMB-D-19-0008070) with amount of PHP3,875,727,389.00 on July 26 for three projects under Revised Armed Forces of the Philippines (AFP) Modernization Program.

The three projects are: 

a) Light Armor System Upgrade Acquisition Project (P711,542,889.00);

b) Acquisition of 310 units 2 1/2 Ton Truck/Cargo Troop Carrier Project (P1,859,984,500.00);

c) Del Pilar Class Frigate Upgrade Acquisition Project (P1,304,200,000.00).
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