Flag Counter

Tuesday, November 27, 2012

Russian government to invest $38.5 billion in aircraft industry

The Russian government will invest RUB1.2 trillion ($38.5 billion) to develop its aircraft industry from 2013 to 2025. The industry will need a total of RUB1.7 trillion; however, the rest of the money will be raised through off-budget funding, Minister of Industry and Trade Denis Manturov said.
In 2013 the budget investment will be RUB78.3 billion; in 2014, RUB107 billion; in 2015, RUB 123.5 billion. The government also plans to support the Irkut MC-21 project, the creation of PD-14 engine and several helicopters projects.
Aircraft industry revenue should more than triple by 2025. This year, manufacturers are expecting RUB579 billion in revenue.

No comments:

Post a Comment