Admiral Gorshkov Aircraft Carrier to Cost 2.3 billion $

After a three-year long renegotiation, the fresh price of Admiral Gorshkov aircraft carrier was finalised at USD 2.35 billion on Wednesday by the government, a day ahead of Russian Prime Minister Vladimir Putin's two-day visit to India."The Cabinet Committee on Security (CCS), which met here, has given its approval to the fresh price for Gorshkov," a Defence Ministry official said here.India and Russia are likely to conclude the fresh contract for the aircraft carrier, bought by the Navy in 2004 and rechristened INS Vikramaditya, during Putin's stay in the capital.The warship, purchased originally at a price of USD 974 million, is currently undergoing a refit at the Russian Sevmash shipyard.Since 2007, the shipyard sought a hike in the price for the warship's refit programme and had revised the cost of the project twice to demand USD 2.9 billion.............................NDTV

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