The Canadian-based Maritime Launch Services, which is a joint venture of three U.S.-based firms, has confirmed its plans to build a launch site in the Nova Scotia province for the Ukrainian Cyclone 4M medium-class rocket, Censor.NET reports citing CBC News.
The construction of the facility should begin in 2018, while the first commercial launch is planned for 2020. By 2022, the cosmodrome is expected to launch eight rockets a year.
The cost of the project is estimated at $148 million. The total cost to establish the spaceport, launch the first rocket, and promote the facility will be $304 million, said John Isella, CEO of Maritime Launch Services.
Previously, Ukraine cooperated on the Cyclone 4 program with Brazil, but the project was frozen in 2015.