Italian civil aviation authority ENAC and the Italian Space Agency (ASI) on Thursday signed an agreement with the US Federal Aviation Administration (FAA) to develop a spaceport for sub-orbital flights somewhere in Italy.

Sub-orbital flights cross in and out of the Earth's atmosphere without leaving its orbit. "It could take three to five years - it all depends on the reactions we get from the political, technological and industrial sectors," said ASI chief Roberto Battiston.

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Source: http://www.ansa.it/