Europe considering all-public Galileo financing
Posted: Sat, Apr 28, 2007, 11:29 AM ET (1529 GMT)
Discouraged by continued delays in negotiating a public-private partnership, European officials are considering going ahead with the development of its Galileo satellite navigation system using entirely public funding. Galileo was originally planned to be financed by a mix of public money and private investment, with the company running the satellite system recouping its investment through service fees. However, negotiations between the EU and Galileo Industries regarding the partnership agreement have stalled. European officials, including the European Parliament, expressed "deep concern" about the stalemate and suggested that one alternative would be to rely exclusively on public funding for the system. No considering is being given to abandoning the project, according to European officials. Galileo's constellation of 30 satellites was once planned to be in orbit by late this decade, but will likely not be completely deployed until the early 2010s.
Discouraged by continued delays in negotiating a public-private partnership, European officials are considering going ahead with the development of its Galileo satellite navigation system using entirely public funding. Galileo was originally planned to be financed by a mix of public money and private investment, with the company running the satellite system recouping its investment through service fees. However, negotiations between the EU and Galileo Industries regarding the partnership agreement have stalled. European officials, including the European Parliament, expressed "deep concern" about the stalemate and suggested that one alternative would be to rely exclusively on public funding for the system. No considering is being given to abandoning the project, according to European officials. Galileo's constellation of 30 satellites was once planned to be in orbit by late this decade, but will likely not be completely deployed until the early 2010s.
Related Links:
| <<previous article | next article>> |
|
news in brief
|
|
Space Force adds Rocket Lab and Stoke Space to NSSL contract
Posted: Sun, Mar 30 9:19 AM ET (1319 GMT) |
|
news links
|
|
Friday, April 4
‘Mind-boggling’: Space Force chief fires off dire warning about Chinese capability to knock out US satellites
Fox News — 5:52 am ET (0952 GMT) How China is expanding its anti-satellite arsenal
Defense One — 5:52 am ET (0952 GMT) Rocket Lab And Stoke Space Join U.S. NSSL Lane 1 Vendor Pool
Aviation Week — 5:52 am ET (0952 GMT) Olivia Munn criticizes all-female Blue Origin space crew: ‘What’s the point?’
The Independent — 5:50 am ET (0950 GMT) Olivia Munn slams ‘gluttonous’ female Blue Origin crew going to space: ‘People can’t afford eggs’
New York Post — 5:49 am ET (0949 GMT) |
