July 24, 2008

Kazakhstan to Channel 6bn Dollars into New Space Programme

Excerpt from report by privately-owned Interfax-Kazakhstan news agency

Almaty, 24 July: Kazakhstan's spending within the framework of implementation of its second space programme, which is being drawn up and which is for the period until 2020, totals not less than 6bn dollars, an adviser to the chairman of the Kazkosmos [Kazakh space] national space agency and director-general of the Bayterek joint venture, Ivan Akhmatov, has said.

"The entire amount of financial spending on the implementation of the programme may amount to 6bn dollars. At the same time, it is planned to channel from the state budget 70 per cent of this amount, and the rest is to be attracted as investments," he said speaking at the first international conference "Development of space activities in the Republic of Kazakhstan until 2020" held in Almaty today. [Passage omitted]

Originally published by Interfax-Kazakhstan news agency, Almaty, in Russian 0853 24 Jul 08.

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