NEW DELHI (Jan 21) : The government is likely to commit around Rs 12,511 crore to set up a special purpose vehicle (SPV) for developing a regional transport aircraft, with the bulk of the money earmarked for certification, testing and infrastructure rather than just design, government.
The cost structure shows that regulatory approvals and technical validation will take a major share of the total spending, reflecting the complexity of building a civil aircraft, they said. Moneycontrol has reviewed a copy of the proposal documents.
“The SPV proposal is now being examined in detail and the broad financial contours are in place,” one of the sources cited above told Moneycontrol. “The idea is to create a dedicated vehicle that can take the aircraft from design to certification and eventually production.”
A regional transport aircraft is a short- to medium-range passenger plane typically used on domestic and regional routes.
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