Cost Escalation of Aircraft-Carrier
October 22 2008 -- The Russian side has submitted a revised Master Schedule indicating a delay and an increase in price for repair and re-equipping of ex-Admiral Gorshkov aircraft carrier. The price escalation proposed by the Russian side towards repair and re-equipping, spares and training, etc., is USD 1202 million. Only technical evaluation is underway and no cost negotiations have been initiated in this regard.
This information was given by Defence Minister Shri AK Antony in a written reply to Dr. T Subbarami Reddy in Rajya Sabha today.