The Philippine Navy caps their 125th founding anniversary with “Guardians of the Sea” theme in a

display and demonstration this Friday of their newly acquired naval assets in the P10-billion
modernization program. Adaci announced yesterday the arrival of two corvette fastcraft procured by the
Navy under foreign military sales with the United States (US). The FOIC gladly noted the two corvettes
have missile capability acquired under the “hot transfer” arrangement with the US.

Earlier, the Public-Private Partnership (PPP) Center announced that the Philippine Navy has tapped them
for possible projects to raise funds for the modernization program of naval assets. In a statement, the
PPP Center disclosed their top officials conducted exploratory talks with the Navy last May 9, in
particular with Commander Rodel Suarez, chief of the Philippine Navy Real Estate Office.

During our Kapihan sa Manila Bay forum last week, Ezpeleta confirmed ongoing negotiations with the
PPP Center to assist them in the possible leasing arrangements of their remaining naval bases. One of
which is the Naval Station Jose Andrada that serves as the present headquarters of the Philippine Navy
along Roxas Boulevard in Malate, Manila. Ezpeleta explained the reclamation projects around the Manila
Bay area raised the possibility that the Navy could move its headquarters to the 10 hectares of reclaimed
area possibly under the lease-swap arrangements.