LORD BACH SIGNS £116 MILLION SHIPS AGREEMENT WITH ROMANIA
Royal Navy News
1/14/2003
A £116 million sale agreement for two frigates was signed today in Bucharest by the Minister for Defence Procurement, Lord Bach, and the Romanian State Secretary for Armaments, Gheorghe Matache. The agreement covers the sale to Romania of two former Royal Navy Type 22 Frigates HMS Coventry and London.
Under the first phase of the agreement both frigates will be modernised and re-equipped during an upgrade programme to meet the specific requirements of the Romanian Navy. The agreement contains an industrial partnership programme involving the UK Prime Contractor, BAE Systems, and Romanian industry. The partnership will include technology transfers, orders with Romanian companies and assistance in marketing overseas.
Lord Bach, the first British Minister to visit Romania since her invitation to join NATO, said: " I am delighted to visit Romania to sign such an important agreement, which will lead to the Romanian Navy acquiring two highly capable and NATO compatible fighting ships. " This project is an important symbol of our developing relationship with Romania, on Governmental, Armed Forces and industrial levels, which I am sure will be good for both countries and good for NATO."
Lord Bach is visiting Romania at the invitation of the Ministry of National Defence, and has held discussions with Prime Minister Nastase and Defence Minister Pascu, concerning the challenges and opportunities for Romania in the period leading to their planned accession to NATO in 2004.
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