Bangladesh has finalized a deal to purchase two Ming-class submarines from China.
Prime Minister Sheikh Hasina first announced that the country was interested in purchasing submarines back in January, as part of a broader plan to modernize its military. At the time, she did not specify which country Bangladesh would be purchasing the submarines from, but military officials told media outlets that it was in negotiations with China.
The deal, which is waiting for final approval from the Finance Ministry, for the two submarines was worth $203.3 million. It would be paid by Bangladesh during the fiscal year 2017-2018, with the submarines being delivered in 2019.
Ming-class submarines (Type 035) are diesel-electric powered submarines based off of the Romeo-class submarines that the Soviet Union built in the 1950s.
The specific variant that Bangladesh is purchasing, Type 035G, is the most recent and last Ming-class submarine. China built six of them between 1997 and 2001, according to Global Security.
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