You're reading: Ukrainian government to raise over $400 million under state guarantees in 2013 for space sector

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.

Government funding for space activities in Ukraine in 2013 from the
state budget for 2013 is estimated at Hr 1.233 billion, which is 47%
more than in 2012.

The volume of production and sales by enterprises of the rocket and
space industry in Ukraine in 2012 amounted to Hr 4.3 billion, which was
20% more than in 2011. In general, the share of exports in total sales
was 62%. Nearly three-quarters of the exported products comprise of
rocket and space technology.