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11/26/08

Space Daily: Europe earmarks nearly 10 billion euros for space exploration

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Europe earmarks nearly 10 billion euros for space exploration

Ministers from 19 countries on Wednesday agreed to commit nearly 10 billion euros (12.8 billion dollars) to Europe's space program, it was announced here. The decision by the 18 members of the European Space Agency (ESA), along with Canada, included a compromise on spending for the International Space Station (ISS), which will become ESA's biggest budgetary item, sources said. ESA Director General Jacques Dordain said ministers approved spending of 9.65 billion euros to maintain current programs and launch future projects, added to which were 300 million euros in outstanding commitments.

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