Taiwan's Ministry of National Defence (MND) announced on 5 November that the privately owned Lung Teh Shipbuilding has begun production of a fast missile corvette prototype. Lung Teh was commissioned to build the fast missile corvette under the Republic of China Navy's (RoCN's) Hsun Hai (Swift Sea) programme on 4 May. According to both the MND and Lung Teh, the initial 450-ton stealthy catamaran is scheduled for delivery by November 2014. Funding for the NTD24.98 billion (USD853.4 million) project to eventually build between 10 and 12 of the vessels was passed in 2011.
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