A total budget of €87 million ($92 million) has been allocated for the project’s first phase, split between €60 ($63 million) in European Commission (EC) grants and €27 million ($28 million) from member states Italy, France, Spain, Denmark, Greece and Norway.
The Modular and Multirole Patrol Corvette (MMPC) contract aims to provide the initial design of a next generation class of naval vessel, the European Patrol Corvette (EPC).
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