The roadmap has been signed and participants of the project have been assigned, Mikheev said.
Nevertheless, he did not provide any detailed information on the project saying it is now kept "confidential."
He assessed the market for the new helicopter in 200 units.
Earlier it was reported that the joint engineering piece by Russian Helicopters and Chinese company Avicopter (AVIC). The product is entitled Advanced Heavy Lift (AHL) and will similar in its role to the Mi-26 heavy military and transportation helicopter. However, the newly designed helicopter will be more suitable for commercial usage.
Motor Sich is one of the leading post-Soviet producers of gas-turbine engines. It is the largest supplier of turboshaft engines for the Russian helicopter-manufacturing industry.