facebook
twitter
rss
account
search
search
 

Russia announces plan for space program

Jan. 12, 2013 at 7:43 PM   |   Comments

MOSCOW, Jan. 12 (UPI) -- Russia's Federal Space Agency Saturday outlined a plan to double the output of the industry by 2020 by attracting private investment.

The agency said combined public and private investment in research and development would come to $69 billion, RIA Novosti reported. Almost all current funding comes from the government.

The government approved the program in December.

The top three priorities are commercial exploitation of space, scientific research and manned flights.

The country's space program has been troubled in recent years. In December, a telecommunications satellite's launch was mishandled, reducing the fuel supply and cutting its time in orbit.

Deputy Prime Minister Dmitry Rogozin, who is in charge of the space program, announced a restructuring late last year. Instead of dozens of agencies, the plan calls for a small number of public enterprises.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
45,000-year-old man reveals earliest human genome 45,000-year-old man reveals earliest human genome
2
Coal-rich Poland wants concessions in EU climate deal Coal-rich Poland wants concessions in EU climate deal
3
Chimps caught on film raiding corn farm, having sex Chimps caught on film raiding corn farm, having sex
4
Dude! Company floats fly hoverboard Dude! Company floats fly hoverboard
5
Protestors object plans to build telescope on land sacred to native Hawaiians Protestors object plans to build telescope on land sacred to native Hawaiians
Trending News
Around the Web
x
Feedback