French Prime Minister Jean-Pierre Raffarin announced that an agreement has been reached concerning the funding of Soyuz launch facilities in French Guiana.

France will bring its guaranty to the loan requested by Arianespace from the BEI (European Bank of Investment).

The works for the new launch pad dedicated to the Russian launcher, estimated 340 millions euros, can then begin in Kourou. 121 millions euros of this amount will be paid by the BEI loan.

Soyuz is due to be launched by Arianespace for the first time in 2007 and will complement the European heavy-class Ariane 5 and small Vega launchers.