India pays $102mn more for Russian warship

Posted By: Staff
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New Delhi, Jun 5: India has reportedly paid an additional $102 million to Russia for the aircraft carrier Admiral Gorshkov, moving ahead on the defense deal that is expected to end in the end of July 2009, a senior official said on Thursday, Jun 4.

"Gorshkov by far is the most problematic of the deals with Russia. But by July 15 we will work out the scope of trials and a firm cost based on which a fresh contract will be signed. We are insisting and hopeful that the platform will be delivered by the end of 2012," a senior defence ministry official said who wanted to remain anonymous.

The official added that Moscow has done a lot of work on the carrier and that the additional money was released last week. Last week, an Indian team reportedly visited Russia to talk over the increment of the price of the carrier.

The deal for the Kiev class Gorshkov was signed in 2004 was expected to be inducted into the Indian Navy as INS Vikramaditya. But in 2007 there were widespread reports that $948 million deal was facing problems as the delivery date was pushed back and the price was hiked.

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