Russia’s Vostochny spaceport project, aimed at modernizing launch operations, has encountered financial challenges. The primary contractor, Kazan Open Stock Company, failed to pay $627,000 in electric bills, leading to a power cutoff for areas under construction. The Far Eastern Energy Company plans to declare the contractor bankrupt and has taken legal action to recover the debt. This development adds to the project’s troubled history, which includes allegations of corruption, embezzlement, and unpaid wages.
The Vostochny spaceport, crucial for Russia’s rocket launches, has faced difficulties since construction began in 2011. Despite some successful rocket launches, ongoing problems persist. The recent power supply cutoff underscores the financial difficulties plaguing the project, raising concerns about its future progress and operational stability.
Source: Ars Technica