"The agreement determines the main principles and terms of cooperation to create and put into geostationary orbit the Kazsat satellite and develop Kazakhstan's space communications and broadcasting system on its basis," Kazakh Minister of Education and Science Byrgynym Aitimova said at session of the Mazhilis, parliament's lower house.
Equipment and accessories for the satellite delivered to Kazakhstan from Russia will be exempt from customs dues, taxes and other fees.
Kazakhstan allotted $65 million for the project from the republican budget.
Astana signed the agreement on the creation and delivery of Kazsat with Russia's Khrunichev State Space Research and Production Center.
The satellite is to be launched in December from Baikonur and will provide services for Uzbekistan, Kyrgyzstan, Turkmenistan and a part of Russia.
The Kazakh-Russian interstate agreement was signed in Moscow on January 18.
The bill on ratification was submitted to the Kazakh's parliament's upper house for approval.
