Baku, Azerbaijan, June 8
By Nargiz Sadikhova - Trend:
Russian Direct Investment Fund, in partnership with Russian corporation Roscosmos, Middle East investors and Glavkosmos Launch Services, a subsidiary of Roscosmos, are to invest $87 million in the project of modernization of the largest spaceport in the world, Trend reports referring to press office of Roscosmos.
The agreement on investments into the project on modernization of infrastructure of Baikonur Cosmodrome was signed at St. Petersburg International Economic Forum.
The project includes modernization of the "Gagarin's Start" launch site to ensure its further operations for the launches of Soyuz-2 carrier rockets.
This investment allows for updating the ground infrastructure of the spaceport, increasing the competitiveness of Russian space industry of the global market of launch services and commercializing space technologies.
(1USD = 383.99 KTZ on June 8)
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