labels: Indian Navy
Russia submits revised refit schedule, cost escalation fee of $1.2 billion for INS Vikramaditya news
22 October 2008

The Government informed Rajya Sabha member Dr T Subbarami Reddy that Russia had submitted a revised master schedule, as well as an increase in price, for the repair and re-fitting of aircraft carrier INS Vikramaditya (ex-Admiral Gorshkov).

Adm GorshkovThe revised schedule indicates a delay and the price escalation, as proposed by the Russian side, for repair, re-equipping, spares and training and other items stands at $1.202 billion.

Defence minister AK Antony informed the Rajya Sabha member that technical evaluation was underway currently and no cost negotiations had been initiated in this regard.


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Russia submits revised refit schedule, cost escalation fee of $1.2 billion for INS Vikramaditya