Ukraine is planning to launch the Ukrainian rocket Cyclone-4 from the Brazilian Alcantara space centre in 2013.
The total project cost is estimated at $488m, out of which Ukraine has already invested over $130m, according to O Globo.
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Brazil will be responsible for the construction of the launch base, while Ukrainian scientists are currently working on the carrier rockets.
Cyclone-4 is a three-stage expendable launch system.
The location of the launching platform will offer a 20% cost advantage due to its proximity to the equator (2°17’S 44°23’W).
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