The contract will come in the wake of this week’s signing of a 1.2 billion USD contract on 29 MIG-29K fighter jets, Newsru.com reports with reference to the Times of India. Russia and India already in 2004 signed a contract on the delivery of aircraft carrier “Admiral Gorshkov”, as well as 16 MIG-29 fighter jets. However, as BarentsObserver has reported, the Russian side soon admitted that it was unable to deliver the goods as agreed upon. The main reason for that were huge cost overruns with the reconstruction of the aircraft carrier. The new contract price will be more than 2.3 billion USD, Newsru.com reports with reference to the Times of India. The original price for the vessel was 1.5 billion USD. That deal also included 16 MIG-29 for a price of 750 million USD. The “Admiral Gorshov”, which by the Indian side has been named “Vikramadtia”, in under reconstruction at the Sevmash yard in Severodvinsk, northern Russia.
