19 Oct 2017 12:32

Kazakhstan may invest up to $310 mln in Baiterek project - ministry

ASTANA. Oct 19 (Interfax) - Kazakhstan will invest up to $310 million in the Baiterek launch site project, Kazakh Deputy Defense and the Aerospace Industry Minister Marat Nurguzhin said.

"So far, we can talk about an approximate cost of $280 million to $310 million; this is the sum Kazakhstan will invest in the ground infrastructure. Russia will contribute the design of a launch vehicle and a manned spaceship," Nurguzhin said at the Kazakhstan's Path to Space: Reality and Perspective 2017 forum in Astana on Thursday.

The final cost of the project will be known by September 2018, when the feasibility study will be ready, Nurguzhin said. "The feasibility study of this project will be finalized by September of next year," he said.

The investment proposal is ready, and the ministry will start drawing up a feasibility study as soon as this document is approved by Kazakhstan's budget commission, Nurguzhin said.

Baiterek is a project to construct a launch site belonging to Kazakhstan in Baikonur. The site will launch Russian rockets.