Thread: gorshkov rate fixed in $2.3 bn

Posted: Wednesday, Feb 17, 2010 at 0315 hrs New Delhi:
Admiral Gorshkov
Defence Ministry is all set to seek the approval for acquisition of Admiral Gorshkov from Russia at a final cost of $2.34 billion.
Six years after the first agreement and the price escalation and hard talks that followed, the Defense Ministry is all set to seek the approval of the Cabinet Committee on Security (CCS) for acquisition of the aircraft carrier Admiral Gorshkov from Russia at a final cost of $2.34 billion — in January 2004, India first agreed to acquire Gorshkov at the refit cost of $974 million.

Full text and Sorce

New Delhi: Six years after the first agreement and the price escalation and hard talks that followed, the Defence Ministry is all set to seek the approval of the Cabinet Committee on Security (CCS) for acquisition of the aircraft carrier Admiral Gorshkov from Russia at a final cost of $2.34 billion — in January 2004, India first agreed to acquire Gorshkov at the refit cost of $974 million.

Once cleared by the CCS, the Gorshkov deal will be signed during the visit of Russian PM Vladimir Putin on March 13.

“The Gorshkov deal is in the final stages and the agreement will be signed as soon as the CCS gives a green signal to the proposal,” a senior official told The Indian Express.

The 44,500-tonne carrier, which was to be initially delivered in 2008, will reach Indian waters in 2013-14 after its total overhaul, upgradation, weapon integration and sea trials.

Source: Gorshkov tab is fixed at $2.34 bn