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The government has approved raising an additional 2.6 billion USD in 2013 required for the Cyclone-4 project, which envisions creation of a space rocket complex at the launch site «Alcantara» in Brazil under state guarantees. The project is included in the Ukraine’s Economic Development Program (2013–2014). It was approved last spring.
The implementation of the joint Ukrainian-Brazilian project will help strengthen Ukraine’s position on the global space market, increase volume of production of the domestic space industry and help Ukraine enter new regional markets, the Information-analytical Bulletin of the Cabinet of Ministers of Ukraine informs.
Creating a space rocket complex Cyclone-4 is included in the long-term cooperation agreement signed by Ukraine and Brazil in 2003. The complex will enable the launch from Alcantara of spacecraft into low and medium Earth orbits.
In accordance with the agreement, Ukraine will develop the launch vehicle and prepare the necessary production facilities. Brazil will create a launch center infrastructure at Alcantara.
The government believes that the space industry has a potential to be a key to innovation development of Ukraine. Its support will satisfy the long-term interests of the state in security and defense, boost development of fundamental and applied science, and education.
The Cabinet last year approved the Concept of national targeted science and technology space program 2013–2017. The approximate funding from all sources (state budget funds, investment, public-private partnerships) is 2.58 billion USD, including 1.12 billion UAH from the state budget.