02.02.2010, 14:16 3052

Kazcosmos expects to return 70 % of KazSat-1 cost

Kazcosmos expects to return 70 % of KazSat-1 cost. The chairman of the National Space Agency of Kazakhstan Kazcosmos, Talgat Musabaev, informed, following the results of the session in an interview to journalists, the agency reports.

Astana. February 2. Kazakhstan Today - Kazcosmos expects to return 70 % of KazSat-1 cost. The chairman of the National Space Agency of Kazakhstan Kazcosmos, Talgat Musabaev, informed, following the results of the session in an interview to journalists, the agency reports.

"The money spent for the project of creation of KazSat-1 amounted to $65 million. We will not demand full repayment. We requested the reasonable amount and have all chances to receive it," T. Musabaev said, having explained that "it is about 70 % of the overall KazSat-1 cost."

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