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.
Recommended UPI Stories
Featured UPI Collection
trending
Celebrity Couples of 2014 [PHOTOS]

Celebrity Couples of 2014 [PHOTOS]

Most Popular
1
Spiders prefer the city life
2
Rock-eating bacteria discovered in buried Antarctic lake
3
Bill Gates to Mark Zuckerberg: I'll take the ice bucket challenge, and improve it
4
Latvia boasts world's first net for migrating bats
5
Seals, sea lions likely spread tuberculosis to humans
Trending News
Video
x
Feedback