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Russia to invest $9.7 bln in 2023 prices in project to build over 600 civilian aircraft

Simultaneously, bank funding will amount to $3.2 bln in 2023 prices, while funds raised from investment project participants will total over $917.9 mln

MOSCOW, January 15. /TASS/. Capital investments worth 865.6 bln rubles ($9.7 bln), in 2023 prices, will be invested in the production of more than 600 Russian civilian aircraft, in accordance with the relevant Russian government decree.

Russia’s National Wealth Fund will allocate a maximum amount of 283.8 bln rubles ($3.2 bln) toward implementing the project.

"Capital expenses required for implementation of the investment project total 1 trln rubles ($11.2 bln) in prices of the relevant years (865.6 bln rubles in 2023 prices)," the decree states.

Simultaneously, bank funding will amount to 283.7 bln rubles ($3.2 bln) in 2023 prices, while funds raised from investment project participants will total over 82 bln rubles ($917.9 mln).

The investment project entails the construction of more than 600 airplanes by 2030, including 142 Superjet passenger jets, 270 MC-21 planes with Russian engines, 70 Il-114, 115 Tu-214, and twelve Il-96-300 airliners.

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