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Monday, January 16, 2012

Repair, modernization of fire-damaged sub may cost $30 mln

YekaterinburgThe cost to repair and modernize the Yekaterinburg, a Russian nuclear submarine damaged by fire late last December, could total 900 million rubles ($30 million), a representative of United Shipbuilding Corporation said on Monday.

“Preliminary costs of repairs and modernization of the Yekaterinburg nuclear powered submarine are estimated between 600 million and 900 million rubles, depending on the price of the instruments and mechanisms that will be installed in the new hydro acoustic complex,” the USC representative said.

Some media reports previously said the costs would exceed 1 billion rubles but Deputy Prime Minister Dmitry Rogozin denied the reports.

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