The Dugdale model for two equal, symmetrically situated coplanar circular arc cracks contained in an infinite elastic perfectly-plastic plate is proposed. Biaxial loads are applied at the infinite boundary of the plate. Consequently, the rims of the cracks open in Mode I and develop a plastic zone ahead of each of the cracks. These plastic zones are then closed by the distribution of uniform normal closing stresses over the rims of the plastic zones. Based on the complex-variable technique and the superposition principle, the solution for the above problem is obtained. Closed-form analytic expressions are obtained for the determination of the sizes of the plastic zones and the crack-opening displacement (COD) at the tip of the crack. Numerical studies are carried out to calculate the load ratio (load applied at infinity/yield point stress applied at the rims of the plastic zones) required for the closure of the plastic zones, for various radii of arc cracks and for various angles subtended by them at the centre. The crack-opening displacement is also investigated with respect to these parameters.