The Agreement stipulates the extension of the Russian lease of Baikonur until 2050 and maps out joint efforts of the two countries to enhance the efficiency of the launch base through upgrades of the existing and development of new environment-friendly space-launch complexes.
On December 22, 2004 Russian Prime-Minister Mikhail Fradkov and Kazakhstan 's Prime-Minister Danial Akhmetov signed the Agreement between the Government of the Russian Federation and the Government of the Republic of Kazakhstan on the Development of the Baiterek Space Launch Complex at the Baikonur Cosmodrome. The Agreement lays down fundamental pr inciples and terms of collaboration in the development and joint use of a new facility based on the existing ground infrastructure of Baikonur to support commercial space pr ograms and national space pr ograms of both Russia and Kazakhstan .
Pursuant to the Agreement, the parties are setting up a joint-stock company “Russia-Kazakhstan Baiterek JV” for the purpose of developing and operating the Baiterek space launch complex.
In the 50:50 Baiterek joint venture, Russia is re pr esented by the Khrunichev Space Center , and the Republic of Kazakhstan by the State Property and Privatization Committee under Ministry of Finance.
Under the Baiterek pr oject, new pr ocessing and launch facilities will be built at Baikonur to support launches of the Angara launch vehicle.
Baiterek is the largest international pr oject in post-Soviet times offering good pr ospects for the participants.
Russia will benefit from the continued use of Baikonur and a phased transition to the new environmentally-safe space launch complex.
As a result of its investment, Kazakhstan will have good opportunities for developing its own domestic aerospace industry and space pr ograms.