EU to shift to publicly-funded Galileo model
Posted: Fri, May 11, 2007, 8:04 AM ET (1204 GMT)
European officials said Thursday that the EU would likely restructure the Galileo satellite navigation system as an entirely publicly funded venture after an industry consortium missed a deadline on a public-private partnership model. The consortium of European companies previously planned to run Galileo in partnership with European governments had a May 10 deadline to submit a governance plan that included a management structure, chief executive, and headquarters location, but failed to submit any plan. European Commission officials said Thursday that this failure likely meant that the original Galileo plan, whereby the private sector would help pay for Galileo's development and later operate it and collect revenues from its users, was dead. The EU is expected instead to press ahead with a more conventional plan to fund Galileo exclusively with public monies, with an announcement on this to come as early as next week.
European officials said Thursday that the EU would likely restructure the Galileo satellite navigation system as an entirely publicly funded venture after an industry consortium missed a deadline on a public-private partnership model. The consortium of European companies previously planned to run Galileo in partnership with European governments had a May 10 deadline to submit a governance plan that included a management structure, chief executive, and headquarters location, but failed to submit any plan. European Commission officials said Thursday that this failure likely meant that the original Galileo plan, whereby the private sector would help pay for Galileo's development and later operate it and collect revenues from its users, was dead. The EU is expected instead to press ahead with a more conventional plan to fund Galileo exclusively with public monies, with an announcement on this to come as early as next week.
Related Links:
| <<previous article | next article>> |
|
news in brief
|
|
SpaceX performs two Falcon 9 launches less than an hour apart
Posted: Sun, Aug 16 10:57 AM ET (1457 GMT) Virgin Galactic delays resumption of commercial flights to 2027
Posted: Sun, Aug 16 10:54 AM ET (1454 GMT) |
|
news links
|
|
Thursday, August 20
Stoke Space conducts second stage fit checks, completes first stage engines ahead of Nova debut
NasaSpaceFlight.com — 6:18 am ET (1018 GMT) Carlyle Joins $1 Billion Investment Round in Missile Startup Castelion
Wall Street Journal — 6:17 am ET (1017 GMT) Chinese Start-Up Lands Reusable Rocket for the First Time
New York Times — 6:12 am ET (1012 GMT) NASA’s Attempt to Save Its Falling Telescope Has Failed
New York Times — 6:12 am ET (1012 GMT) LandSpace becomes first commercial Chinese company to land an orbital-class booster
Spaceflight Now — 6:10 am ET (1010 GMT) |
