"Canada considering splitting 60 trillion won submarine order between South Korea and Germany"

[The Financial News] There is growing speculation that the "Canadian Patrol Submarine Project (CPSP)," worth up to 60 trillion won, may be split between South Korea and Germany.
On the 3rd, The Globe and Mail reported, citing government sources, that the Canadian government is considering ordering six submarines each from Hanwha Group of South Korea and Thyssenkrupp Marine Systems (TKMS) of Germany.
Under the plan, six Type 212CD-class submarines built by Thyssenkrupp Marine Systems (TKMS) would be deployed along the Atlantic coast, while six KSS-III Batch-II submarines from Hanwha Ocean would be assigned to the Pacific coast or the broader Indo-Pacific region.
The Globe and Mail noted, "Government sources said Ottawa plans to assess whether to split the contract based on the country’s economic and military needs," adding, "If the contract is divided, Canada could secure industrial benefits from both countries, including potential investments in the automotive sector."
The CPSP is a major program to build up to 12 diesel-electric submarines to replace Canada’s four Victoria-class submarines, which are scheduled to retire in the mid-2030s. A consortium of Hanwha Ocean and HD Hyundai Heavy Industries from South Korea and Germany’s TKMS are competing in the final round, and the winning bidder could be selected as early as June this year.
As part of its push to strengthen its domestic manufacturing base, Canada has reportedly asked for automotive investments, suggesting that South Korea build a Hyundai Motor Company plant in Canada and that Germany expand local facilities for Volkswagen.


ggg@fnnews.com Kang Gu-gwi Reporter