Skip to comments.Font Size Print Email to friend India, Russia seal Gorshkov deal at USD 2.35 billion
Posted on 03/11/2010 7:21:23 PM PST by ErnstStavroBlofeld
After a three-year long renegotiation, the fresh price of Admiral Gorshkov aircraft carrier was finalised at USD 2.35 billion by the government, a day ahead of Russian Prime Minister Vladimir Putin's two-day visit to India.
"The Cabinet Committee on Security (CCS), which met here on Wednesday, has given its approval to the fresh price for Gorshkov," a Defence Ministry official said here.
India and Russia are likely to conclude the fresh contract for the aircraft carrier, bought by the Navy in 2004 and rechristened INS Vikramaditya, during Putin's stay in the capital.
The warship, purchased originally at a price of USD 974 million, is currently undergoing a refit at the Russian Sevmash shipyard.
Since 2007, the shipyard sought a hike in the price for the warship's refit programme and had revised the cost of the project twice to demand USD 2.9 billion.
However, India had conveyed that it would not go beyond USD 2.2 billion as a revised price for the project.
After renegotiation of the price for three-long years, the two sides finally arrived at a figure for the refit programme six months ago, but it had to go to the CCS for a final stamp of approval, which it received on Wednesd
(Excerpt) Read more at brahmand.com ...
Font-size email costs $2.35 billion? I think maybe the next time I get an e-mail from a Russian or Indian colleague I will think twice about responding!
Email in India is expensive.
Sorry. It was my mistake.
It better come with all the bells and whistles
I thought it was funny.
Click on pic for past Navair pings.
Post or FReepmail me if you wish to be enlisted in or discharged from the Navair Pinglist.
The only requirement for inclusion in the Navair Pinglist is an interest in Naval Aviation.
This is a medium to low volume pinglist.
I usually "send" email to my friends, and occasionally "print" a received email for myself.
...and who is this "Font Size" guy anyhow?
The Gorshkov is the biggest piece of garbage from the Russian Navy. The Indian Navy is better off buying the Kitty Hawk or John Kennedy.