All four vessels will be constructed in Germany in a joint project by German Naval Yards Holdings and ThyssenKrupp Marine Systems. The first of the class is scheduled to get delivered in 2020.[5][6] Construction cost is estimated at NIS 1.8 billion Israeli new shekel (NIS) or roughly 430-million Euro ($480-million).[7] Israel will pay for two thirds of the cost and the German Government will subsidize a third of the corvettes' construction costs, as with the Dolphin-class submarines.[8]