5 Mar 2019 18:17

Kazakhstan, Russia, UAE to invest equally in Gagarin's Start upgrade at Baikonur - ministry

ASTANA. March 5 (Interfax) - If Russia, Kazakhstan and the United Arab Emirates (UAE) decide to jointly upgrade Gagarin's Start at the Baikonur cosmodrome, each one of them will make an equal share of investment, the Kazakh Ministry of Digital Development, Defense and Aerospace Industry told Interfax on Tuesday.

"The volume of investments will be determined on completion of negotiations. Because the project involves parity-based involvement of three sides - Kazakhstan, Russia and the UAE - investment by each side will be equal," the ministry said in a response to a query from Interfax.

A working group set up by the three countries to work out commercial launches of the Soyuz-2 carrier rocket has completed its work. The parties are expected to make a final decision on the matter by the end of the first quarter of 2019.