Launch of a joint venture with Bartholet is scheduled for late 2021

RT-Business Development, a subsidiary of Rostec State Corporation, and the international manufacturer of ropeway equipment Bartholet Mashinenbau AG, with the participation of private investors, will create a joint venture RT-Bartholet. The new structure will become the first federal player in the ropeway transport systems market with localized production in Russia. 

RT-Bartholet will build a high-tech plant for the production and assembly of ropeway equipment in Moscow at the Technopolis special economic zone. By the end of 2021, it is planned to launch the first production line with the creation of more than 150 highly qualified jobs. The joint venture plans to reach full production localization in Russia by 2022. The total investment of the partners in the development of Russian production will amount to up to 2 billion rubles. 

“Ropeway systems are actively developing around the world as a safe, environmentally friendly and cost-effective form of public transport. The Russian ropeway market has great potential both in large cities, where it is required to reduce traffic and increase residents’ mobility, and in regions where ski and tourist resorts are developing”, commented Alexander Nazarov, CEO of RT-Business Development. 

According to Bartholet, the current market for potential ropeways projects in Russia is estimated at over 40 billion rubles.