Currency converter
All news
News Search Topics
Use filter
You can filter your feed,
by choosing only interesting

Rostec set to build plant assembling Bombardier or ATR aircraft in Russia

October 16, 2013, 14:48 UTC+3

Construction will start in 2014

1 pages in this article
Photo ITAR-TASS/ Marina Lystseva

Photo ITAR-TASS/ Marina Lystseva

OSCOW, October 16 (Itar-Tass) - Russia’s state-run hi-tech corporation Rostec plans to build a universal plant to assemble aircraft of the European manufacturer ATR or Canada’s Bombardier, Rostec’s managing director for aviation, Alexei Fyodorov, told reporters on Wednesday.

“Soon we will announce a design documentation tender. The construction will start in 2014,” he said, adding that the plant would be built in a special economic port zone of Ulyanovsk, about 900km (560 miles) east of Moscow.

Investments into the project are estimated at $100 million, of them $50 million will be injected into the infrastructure development, engineering and construction of taxiways and the rest - into personnel training.

Until the end of the year Rostec will define which of the two projects would be implemented in Russia - a joint venture with Bombardier to build the Q400 series of planes and a joint venture with ATR to build turboprop aircraft, Fyodorov said, adding that much would depend on agreements on export markets for planes to be assembled in Russia.

As a rule, at the talks on joint ventures foreign partners try to restrict export markets with Russia and CIS member-states, a representative of Russia’s Industry and Trade Ministry, Sergei Fominykh, said.

Show more
In other media
Partner News