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Production of units for Russian new MC-21 aircraft to cost $17.2 mln

Production of the new airborne auxiliary power units s scheduled to start in 2020

© EPA/ALEXANDER ASTAFYEV / SPUTNIK / GOVERNMENT PRESS SERVICE POOL

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Russia’s investments in creation of new MC-21 aircraft total $1.1 bln

MOSCOW, June 20. / TASS /. Production of airborne auxiliary power units (APUs) for Russia’s new MC-21 aircraft will cost 1.1 bln rubles ($17.2 mln), Technodynamics Holding said in a statement on Monday.

Technodynamics Holding which is part of the Rostec state corporation will organize the development and mass production of the newAPUs.

According to the statement, the expert council of the Industry Development Fund has approved the request for the financing of the Technodynamics project. The total cost of the project is 1.126 bln rubles ($17.2 mln). The Industry Development Fund will contribute 300 million rubles ($4.8 mln), while the remaining amount of 825.7 mln rubles ($12.9 mln) will be financed by the holding itself.

The serial production of the new APU is scheduled to start in 2020.

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The production will be organized at the site of the holding’s plant Hydraulics in the city of Ufa, Russia’s Bashkiria republic.

According to CEO of Technodynamics Holding Maxim Kuzyuk, the news APU" has no analogues among the domestic developments and is superior to foreign analogues which are available on the Russian market now in terms of cost and performance."

MC-21 is the first of short-medium-range aircraft, which will be produced in Russia. MC-21 is being designed to replace out-of-date aircraft such as Russia’s Tu-154, Tu-204, as well as Boeing-737, A320 and other.

The roll out of the new aircraft took place in the city of Irkutsk on June 8. The ceremony was attended by Prime Minister Dmitry Medvedev.

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