Bolivia expects huge benefits from Chinese-built satellite
LA PAZ, Nov 09, 2011 (Xinhua via COMTEX) --
Bolivia expects huge benefits from
the satellite "Tupac Katari", which is being built by a Chinese
company and will be put into orbit at the end of 2013 or the
beginning of 2014, a government official said Wednesday.
Deputy Science and Technology Minister Pedro Crespo said the
satellite will benefit Bolivia, one of Latin America's least
developed countries, in different areas such as education,
medicine and communication.
He added that Bolivia is confident about the advantages the
Chinese satellite will offer, and that the government is trying to
make the most of it.
The agreement to build the satellite, signed in December 2010
between the Bolivian Space Agency (ABE) and the China Great Wall
Industry Corporation (CGWIC), stipulates that Bolivia will have
its first telecommunications satellite at the end of 2013 or the
beginning of 2014.
According to the agreement, the Chinese company will guarantee
the quality and high technology of the satellite and its
supporting facilities to better serve Bolivia's economic
development and the needs of its people.
The satellite will be launched at Xichang Satellite Launch
Center in southwest China's Sichuan Province
Crespo said the project is worth some 300 million U.S. dollars,
of which 45 million dollars will be contributed by the Bolivian
General Treasury of the Nation, while another 250 million dollars
will be loaned by the China Development Bank.
The investment will be self-sustaining and is expected to
produce a net profit of 7 million dollars annually, after paying
off the loan and operative expenses, the Bolivian government said.
Bolivia will have a DFH-4 satellite of the third generation,
which will be used to offer telecommunication services nationwide,
the ABE said.
Moreover, Bolivia will be the sixth country in Latin America to
have its own satellite, after Mexico, Venezuela, Brazil, Argentina
and Chile, which is about to launch its own satellite.
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