by Staff Writers
Caracas (XNA) May 09, 2011
Venezuela's National Assembly on Thursday endorsed a new satellite contract program with China, the second such bilateral project between the two countries.
The parliament published the authorization of the new project, also known as "VRSS-1," in Venezuela's official gazette, at which point the project legally takes effect.
The notification in the gazette said this program is developed jointly between Venezuela's Ministry for Science, Technology and Intermediate Industries and China Great Wall Industry Corporation.
The public notification of the project follows the vote in parliament on April 28 in which legislators approved the training of staff as well as to build, launch and track the VRSS-1 satellite.
Venezuela's National Development Fund will contribute 140 million U.S. dollars to the project, which will allow to observe and study the Earth as well as to forecast complex climate development.
On Oct. 29, 2008, China launched the jointly built telecommunication satellite Venesat-1 - also dubbed "Simon Bolivar" - from Chinese soil, making Venezuela the 4th Latin American country which owns a satellite after Mexico, Brazil and Argentina.
Source: Source: Xinhua
Earth Observation News - Suppiliers, Technology and Application
|The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement|