Australia to Set Aside $50 Million Australian Dollars to Create Its Own Space Agency

The agency will be also financed by the private sector


Photo from Ukrinform–UATV


The federal government of Australia has decided to set aside $50 million Australian dollars to set up its own space agency, Ukrinform reported.

The Australian government had revealed in September that it would be establishing a national space agency, once its review into the space industry was complete.

“I wouldn’t want to talk it down, but it’s not NASA. It will be an Australian space agency with Australian interests, seeking to generate and drive investment in Australia,” minister for Education and Training, Simon Birmingham, commented on the creation of the agency.

The government will include $50 million Australian dollars in the 2018 federal budget for this purpose.

Prime Minister Malcolm Turnbull confirmed that the agency would be “small,” and the $50 million figure is the first indicator of the government’s commitment to funding it. It is also reported that the agency will be additionally funded by the private sector.

The government further said that the agency will help Australia cash in on the increasingly lucrative space industry, worth an estimated $400 billion globally.

Source Ukrinform
date 03.05.2018
categories Science
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