I got the news right here. The current cost is 2.9 billion after taking the addition 700 mil price hike in mind.
The budget allocated for CVN-76 Ronald Reagan was 4.3 billion, just to give you a perspective. There is no way that kind of money is justified for a second hand carrier.
Unfortunately, Russians have a nasty habit of milking their clients like China and India down to the last cent.
On second thought, this is quite a good scheme the Russians have. If India keeps forking up the money, they will keep on milking until the delivery date.
Of course, "accidents" can happen that push the delivery date back, thus more milking. If India decided it has had enough and cut its losses, then Russians could simply use the ship themselves, refitted with Indian money.
I'm a bit cynical when it comes to Russian business behaviours, so feel free to disagree.
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Link:
http://www.zeenews.com/nation/2009-02-20/509407news.html
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Russia demand $700 mn more for Gorshkov