New Aviation Investment Project to Be Implemented in PSEZ "Ulyanovsk"

Governor Sergey Morozov, Sergey Vasin (Director General of Ulyanovsk Region Development Corporation) and the head of the investor company signed the agreement on implementation of the investment project on 19 June.



Negotiations with the investor were held via video conference.

Sergey Morozov said, “Ulyanovsk region has proved to be an aviation-focused territory. Aircraft-building enterprises are brought together as a single cluster, which significantly contributes to the economy of both our region and the whole country. The aircraft industry is operating successfully, while component and assembly ones are developing. The largest companies of the industry include Aviastar-SP, Spektr-Avia, Ulyanovsk Instrument Manufacturing Design Bureau, AeroComposit-Ulyanovsk and Volga-Dnepr Airlines. We hope that the new project, which is to be launched at whole-sale center for aircraft components, will continue developing at the next stage.”

The project to create a whole-sale center for aircraft components will be implemented in the Port Special Economic Zone "Ulyanovsk". Total investment at the first stage will make 230 million rubles. At first, the company will use the existing facilities of T1 warehouse operator; in the future, it is planned to develop this project - this includes construction of a hangar complex for upgrade, maintenance and repair of aircraft. The estimated investment for all stages of the project will be total about 3 billion rubles and it is planned to create more than 200 new jobs for residents of the Ulyanovsk region. The investor intends to upgrade IL and Boeing planes with the use of imported components to commission and sale them later.

“We have selected the site, taking into account the investor's requirements. The land plot in PSEZ "Ulyanovsk" is perfect for our new partners: Ulyanovsk-Vostochny International Airport is adjacent to the territory of PSEZ; and the taxiway, which was built specifically for the residents, is a significant advantage of this site,” - said Sergey Vasin, Director General of Ulyanovsk Region Development Corporation.

In addition, the Governor held online meetings with two more companies. The head of the region discussed implementation of the project in the sphere of poultry in the Inzensky District. He also talked to a Russian company regarding its plans to place facilities in the region - a project for commercial cable production in the territory of advanced social and economic development "Dimitrovgrad".