Venezuela, China to build satellite
11.01.2005, 07:22 PM
CARACAS (AFX) - Venezuela has signed an accord with China to build a satellite, to be named Simon Bolivar after the South American revolutionary, President Hugo Chavez's office announced.
Venezuela said it hopes to launch the satellite into space in July 2008.
There will be a technology transfer under the deal and 90 Venezuelan specialists will work on the new satellite, including 30 who will carry out special studies in China, said vice science and technology minister Nuris Orihuela.
Chavez said that Venezuelans will play an equal role in the design, manufacture and 'pursuit of the project at each stage. There will be no Chinese secrets from Venezuela in this project.'
(snip/...)
http://www.forbes.com/finance/feeds/afx/2005/11/01/afx2313219.html