posted in:

Admiral_Gorshkov - www.yourshipbuildingnews.com

Russia demands $700 million more for Admiral Gorshkov

Monday, Feb 23, 2009

India’s efforts to induct Admiral Gorshkov aircraft carrier into its fleet took another hit with Russia seeking an additional US $700 million from India for the repair and refit works it is carrying out in Sevmash Shipyard.

The Russian decision to seek $ 700 million was conveyed to India on February 10 during the bilateral meeting to re-negotiate the Russian demand for additional payment for the 44,500-tonne warship, Defence Ministry officials said today.

The Sevmash Shipyard was also stressing on an immediate release of US $ 190 million for continuing the repair work, which had slowed down due to the fresh price negotiations.

This $ 700 million demand was over and above the additional $ 1.2 billion the Russians were already demanding for the warship bought by India in 2004 for US $ 974 million.

New Delhi was informed by a Russian delegation that the Russian President would agree on a final price of US $ 2.9 billion, the officials said.

The new demand is likely to further upset the Navy’s plans for induction of the ship before 2012, which is a revised delivery schedule for the aircraft carrier originally planned for delivery in 2009.

 

Source: Hindustan Times

posted in:

Other Defence News

Lockheed Martin team’s Joint Light Tactical Vehicle tops 100,000 testing miles during EMD phase 23-04-2014
B61-12 Life extension program undergoes first full-scale wind tunnel test 16-04-2014
Nuclear Materials Safeguards and Security Upgrade Project completed under budget 07-04-2014
Animatronic mannequin to test protective equipment 07-04-2014
Airbus Defence and Space announces expands VSAT coverage in the Indian Ocean 03-04-2014
Bowtech Products Ltd shortlisted as “Employer of the Year” finalist in Grampian Awards for Business Excellence. 01-04-2014
Airbus Defence and Space announces launches next generation XChange for flexible maritime satellite communications 01-04-2014
CGI awarded DISA operational security certification for defense cloud services 01-04-2014
L-3 MAPPS Selected to Design the Integrated Platform Management System for the Royal Canadian Navy’s Arctic/Offshore Patrol Ship Project 28-03-2014
Republic of Korea air force accepts first C-130J Super Hercules 28-03-2014

Advertisers