US Trade and Development Agency (USTDA) has allocated grant to Azerkosmos OSC, public affairs manager of Azerkosmos OSC Kamran Aliyev told APA-Economics.
Global Recourses Inc. has been chosen to prepare technical-economic feasibility. The study will cover technical, economic and financial capacities of the production of Azerspace-2 satellite, its launch, operation, financing of the project and other aspects.
The work within the grant project of more than half million dollars will be completed by July, 2014.
Azerspace-2 will be launched in 2017. The second satellite project will also be a commercial one.