ZCZC
BCN-19
RUSSIA-UAC-FINANCE-INVESTMENT
United Aircraft Corporation to receive $21 mln for upgrade of Il-96-400M
production
MOSCOW, July 29, 2018 (BSS/TASS) – Russian Prime Minister Dmitry Medvedev
has signed a decree on providing investments from the budget for the United
Aircraft Corporation (UAC) amounting to 1.32 bln rubles ($21 mln) to finance
the production of Il-96-400M passenger airliner, according to the document
released on the government’s website on Saturday.
“The signed decree provides budget investments amounting to 1.32 bln
rubles for the United Aircraft Corporation. The funds will be allocated to
reconstruction and technical upgrading of the Il-96-400M passenger airliner
construction. The project will be commissioned in 2020,” an explanatory note
to the decree said.
The project is estimated at 1.47 bln rubles ($23 mln), with 1.32 bln
rubles ($21 mln) being federal budget funds.
BSS/TASS/HR/1350