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Luis Petri will ask for a loan of 2.3 billion dollars to buy a submarine

The Ministry of Defense is in charge Luis Petriin full negotiation with the French Government until to buy a submarine. The selected model is a Scorpion and for which the Government is already trying to get it credit of 2.3 billion dollars to move forward with the work.

After the tragedy ARA San Juan In 2017, Casa Rosada will be trying to regain operational capacity in areas where this type of ship comes under the shadow of the sea. In the Department of Defense they said that the intention is to get “several“submarines, but right now the idea is to end the purchase of a unit.

In early October, Petri traveled to France to sign a letter of intent to acquire Scorene’s units. This document is also signed by the company Navy Corpswho in principle would build the ship.

In the ministry led by the radical leader, they explained that the letter of intent means that the country has the will to move forward with a final agreement, although it is not binding, that is, there is no guarantee any of the latter parties to bear. out the operation.

The next step is to get funding for the construction of a submarine, because according to military experts, This is one of the most expensive weapons in the world. For this reason, Casa Rosada began efforts in September to seek funds and that is why they made a debt request for approximately 2.3 billion dollars.

The minimum repayment period is three years and the creditor is the Ministry of Defence. In Petri’s environment they maintained that “These are all requests for approval from Congress so that the most suitable operations can be done financially the following year. You do not need to add everything, because you are using what is necessary“.

As for the Scorpione submarines, They cost about 500 million dollars per unit and made by the semi-public company Naval Group, 60% belongs to the French State. The construction could take up to seven years and Argentine shipyard Tandanor is not believed to be involved in the process.

The Scorpene has a length of 72 meters, a diving depth of 300 meters and an autonomy of 78 days to carry out missions in the open sea. It has capacity for 31 sailors and can carry up to 18 torpedoes and missiles.

2024-11-24 16:05:00
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**What are the potential geopolitical implications of Argentina ‌acquiring ⁢a new submarine, particularly in the context of regional power dynamics and ‌relationships with neighboring countries?**

## World Today News Exclusive Interview: Argentina’s Submarine‍ Ambitions

**Introduction**

Welcome to World Today News. Today, we delve into Argentina’s ambitious plan‌ to ‌acquire a new submarine, a move aimed at bolstering its naval capabilities after the tragic loss of the ARA ‍San Juan in 2017. We are joined by two esteemed guests:

* **Admiral (Ret.)‌ Juan​ Garcia**, a former Chief of Naval Operations with ⁤extensive experience in submarine warfare.

* **Dr. Sofia Perez**, a leading defense analyst specializing in Latin American military procurement and its economic implications.

**Part 1:​ The Need for a Submarine**

* Admiral Garcia, Argentina’s defense ministry cites the⁣ need to regain operational capacity in areas where submarines⁤ are crucial after the loss of the ARA San Juan. Can you elaborate on the strategic significance of submarines for Argentina’s maritime ‍defense and security?

* Dr. Perez, the article states ​that Argentina aims to purchase “several” submarines, but for now, the‌ focus is on acquiring ‌a ⁣single unit. Considering ‍the⁣ high cost involved, do you think this approach is strategically⁤ sound? What factors⁢ should be considered when deciding on​ the number of submarines to acquire?

**Part 2: The Scorpene Submarine and its Capabilities**

* Admiral Garcia, the chosen model is the French-made Scorpene ⁢submarine. What are the key operational capabilities of this submarine, and how would​ it contribute to Argentina’s naval arsenal?

* Dr. Perez, ⁤the article mentions a price tag of⁣ around 500 million dollars for a single Scorpene submarine. How does this cost compare to other submarine models available in the international​ market? Are there alternative options Argentina could explore ​to achieve its naval goals ‍at a potentially lower cost?

**Part 3: Funding ⁣the Acquisition**

* Dr. Perez, Argentina⁤ is seeking a ⁣$2.3 billion loan​ to finance the submarine purchase. How does this significant financial commitment fit into Argentina’s current economic situation? What⁣ are the⁤ potential economic and fiscal implications of such a large investment?

* ⁤Admiral Garcia, ⁣considering the⁢ projected seven-year construction timeframe,​ what measures should Argentina take to ensure the long-term sustainability and effective utilization‍ of this⁤ new‍ submarine upon its‍ completion?

**Part 4: International Collaborations and Industrial Impact**

* Dr. Perez, the article indicates that‍ while Argentine shipyard Tandanor is not believed to be involved in ⁢the Scorpene ‌construction, could this purchase pave the way for future industrial collaborations between Argentina and ​France in the defense sector?

* Admiral Garcia, how ​significant is the potential ⁢ transfer of technology and knowledge associated with acquiring⁣ a foreign-built submarine‌ for Argentina’s own naval⁤ industry and technological capabilities in the long run?

**Conclusion**

We thank Admiral Garcia and Dr. Perez for their insightful contributions to this discussion. Argentina’s decision ​to acquire a ‍new submarine represents a major turning point for its naval modernization program. As this acquisition unfolds, World Today ‍News will continue to analyze its implications for ⁣Argentina’s defense posture, economic outlook, and regional security landscape.

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