01 Agustus 2019
PMC Light Armor Vehcicle (photo : olibuli)
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).