EU endorses public funding for Galileo
Posted: Sun, Jun 10, 2007, 11:52 AM ET (1552 GMT)
European transportation ministers agreed Friday that the planned Galileo satellite navigation system would have to be funded entirely from public sources, rather than through a public-private partnership. The EU ministers, meeting Friday, did not agree on how the current shortfall in the program, estimated at €2.4 billion ($3.2 billion), should be filled, with proposals ranging from additional contributions from EU member nations to monday from the collective EU budget or through the European Space Agency. Galileo was originally intended to be a public-private partnership, with as much as two-thirds of the funding coming from private investors. However, those plans fell through last month when a deadline for a management plan was missed by the industry consortium that was to run Galileo. A final decision on a public funding plan is expected later this year.
European transportation ministers agreed Friday that the planned Galileo satellite navigation system would have to be funded entirely from public sources, rather than through a public-private partnership. The EU ministers, meeting Friday, did not agree on how the current shortfall in the program, estimated at €2.4 billion ($3.2 billion), should be filled, with proposals ranging from additional contributions from EU member nations to monday from the collective EU budget or through the European Space Agency. Galileo was originally intended to be a public-private partnership, with as much as two-thirds of the funding coming from private investors. However, those plans fell through last month when a deadline for a management plan was missed by the industry consortium that was to run Galileo. A final decision on a public funding plan is expected later this year.
Related Links:
| <<previous article | next article>> |
|
news in brief
|
|
|
|
news links
|
|
Monday, September 7
Merz to skip Macron’s space summit
POLITICO — 12:55 am ET (0455 GMT) Arianespace CEO Projects Space Summit to Boost Backlog
Aviation Week — 12:54 am ET (0454 GMT) Concern, praise, and uncertainty in Pecan Island over massive SpaceX project
WWL-TV New Orleans — 12:46 am ET (0446 GMT) Brownsville shrimper suspects SpaceX debris ruined $12K in fishing gear
KRGV-TV Weslaco, TX — 12:45 am ET (0445 GMT) New UK Space Strategy Prioritizes Domestic Launch Capacity
Aviation Week — 12:44 am ET (0444 GMT) |
