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Ukrainian government to raise over $400 million under state guarantees in 2013 for space sector (Kyiv Post)

Ukrainian government to raise over $400 million under state guarantees in 2013 for space sector (Kyiv Post)

Posted in News.

The Ukrainian government is planning to raise $410 million (Hr 3.45 billion) under state guarantees in 2013 to implement plans and programs in the sphere of space activity.

This is stipulated in Ukraine’s economic development stimulation program for 2013-2014, which was approved by Cabinet of Ministers resolution No. 187 of February 27 and posted on the government’s Web site.

According to the program, the projected amount of funding for projects in the field of space activities, including the production of space technology, is estimated in 2013 at Hr 3.55 billion (about $422 million). It is planned to allocate Hr 98.6 million for these purposes from the budget, and the remaining funds are to be attracted under state guarantees from other sources.

Among the expected results of space activities in 2013 are the realization of space experiments on board the ISS, the production of the Zenit-3SL, Zenit-2SLB and Zenit-3SLB launch vehicles for the Sea Launch and Land Launch international projects, the Dnepr launch vehicle and the first stage of the Antares launch vehicle, and the integration of spacecraft into their structure, reads the document.

The attraction in 2013 under state guarantees of additional funding worth $320 million for the project to create the Cyclone-4 space rocket complex at the Alcantara Launch Center in Brazil is envisaged under a separate article of the state program.

Read more: http://www.kyivpost.com/content/ukraine/ukrainian-government-to-raise-over-400-million-under-state-guarantees-in-2013-for-space-sector-322337.html

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