You're reading: Ukraine to pump $320 million into national space program in 2013-2017

Ukraine plans to pump Hr 2.58 billion (around $320 million) into it's national space program from 2013 through 2017, Interfax-Ukraine learned from the State Space Agency, which cited a a government program adopted last week.

The national space program will draw Hr 1.12 billion in funding from the state budget. Plans envision that the rest will be raised from investors and other sources such as public-private partnership. The aim of the program is to modernize the nation’s space technology and capabilities, the State Space Agency added.