President Michelle Bachelet said a new vessel would replace its existing ship, built in 1969, which is coming to the end of its service life.
A new ocean-going patrol ship is also being built at domestic shipyard Asmar, where the 8,000-gt icebreaker is also likely to be constructed.
The budget is $150m, Merco Press reported.
A new shipyard will also be built to handle ships up to post-panamax size.
“The