It is believed that the satellite cost of US$ 120 million and was established by Orbital Sciences Corporation.[11][12] Arianespace’s president Jean-Yves Le Gall emphasized that the weight of the satellite would be three tonnes.[13] In April 2011, Export-Import Bank of the United States has approved financing of this project as 85 percent of construction cost which will be provided to the Azerbaijani side in the form of a loan, while the remaining 15 percent will be paid by state funds.[14][15][16] The funds will be issued to Azercosmos OJSC.[17]