domain-b.com : Russia, India ready addendum on Adm Gorshkov contract
Moscow: After two years of intense haggling, India and Russia may have finalised a "mutually acceptable" price for the Admiral Gorshkov aircraft carrier, according to the chief of the Russian arms export monopoly, Rosoboronexport. For the price the Indian Navy gets what would practically be a "totally new, state-of-the-art" ship that will remain seaworthy for 30 years.
Diagram of INS Vikramaditya
The new price will be formalised as an addendum to the original contract under which both nations agreed to the refurbishment programme of the Admiral Gorshkov carrier in 2004.
ITAR-TASS quoted Rosoboronexport chief, Anatoly Isaikin, as saying, "The negotiations are over, and a mutually acceptable solution for Russia and India has been found. The cost has grown, but the vessel's building time schedule has not been extended."
"Now the cost problems have been removed, and the ship will be completed on schedule," Isaikin said.