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IADB Lends Argentina 50 Millon Dollars For Satellite Program
Buenos Aires (XNA) Nov 09, 2006 The Inter-American Development Bank (IADB) on Tuesday signed an agreement with Argentina to provide a loan for the country's satellite program, Argentina's Foreign Minister Jorge Taiana said. Taiana said that the IADB would lend Argentina 50 million U.S. dollars to expand the country's satellite system, which includes launching two new orbiters in 2010 and 2011. The total satellite program would cost 200 million dollars, and the Italian government would also lend 50 million, Taiana said. The satellites will carry a microwave radar system that has the ability to survey humidity and geology up to two meters below the surface of the earth, which will help the country to monitor agriculture, fishing, natural disasters, Antarctic ice, and urban infrastructure. Argentina's President Nestor Kirchner and the IADB's President Luis Alberto Moreno have recently signed loan agreements worth more than a billion dollars. On Monday, Moreno agreed to lend 580 million dollars to help install an electrical transmission line in the north of the country. Another 230-million-dollar loan will help the country invest in Buenos Aires' social projects, and a fourth 180-million-dollar loan will help similar projects in Cordoba. Source: Xinhua News Agency Community Email This Article Comment On This Article Related Links Inter-American Development Bank The latest information about the Commercial Satellite Industry The latest information about the Commercial Satellite Industry
BSkyB Broadcasts 20-Percent Fall In Quarterly Net Profit
London (AFP) Nov 3, 2006British satellite broadcaster BSkyB said Friday that its first-quarter profits fell owing to the cost of launching a broadband Internet service. Net profit slid 20.7 percent to 116 million pounds (173 million euros, 221 million dollars) during the three months that ended on September 30, compared with the same period in 2005, the group said in an earnings release. |
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