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Monday, November 10, 2008

India set to pay more for Russian submarine

At least 20 people on board the new Russian Akula-II class attack submarine called ‘K-152 Nerpa’ , were killed in an accident on Saturday during trials in the Sea of Japan off Vladivostok.

This submarine is apparently the same vessel that was to be transferred to India in July-August 2009, sources said.

In January 2004, India had also signed a $1.5-billion package deal with Russia for refit of decommissioned aircraft carrier Admiral Gorshkov and 16 MiG-29 K fighters.

But with the package deal now being renegotiated, India might well have to pay another $2 billion to get Gorshkov by 2012.

Already, there are indications that a part of the huge cost escalation could be linked to Russia demanding more for Nerpa over the initial $650 million.

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1 comment:

  1. Pete12/11/08 01:07

    So India has actually paid 650 million so far for Nerpa. The Russians ask for more - while Nerpa has a huge accident.

    Not good.

    ReplyDelete

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