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

October 16, 2013, 14:48 UTC+3
Construction will start in 2014
Material has 1 page
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.

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