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Friday, August 10, 2007

After Gorshkov, another Navy project hit by delay

Free Image Hosting at www.ImageShack.usThe bad news for Navy shows no sign of stopping. The country's most ambitious ship-building project, construction of a 37,500-tonne indigenous aircraft carrier (IAC) at Cochin shipyard, is running way behind schedule.

Sources said current projections show IAC will be ready for delivery to Navy earliest by 2015, after completion of construction and trials, instead of the earlier date of 2011-2012.

The IAC project, cleared by the government in January 2003 at a cost of Rs 3,261 crore after several years of dilly-dallying, is lagging behind on "almost all fronts".

"First, there was a big problem in getting 20,000 tonnes of special quality steel for it till SAIL stepped in. Then, there was a huge delay in procurement of bulb bars. Once these was sorted out, other problems crept in," a source said.

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