GALILEO
October 1st, 2001
BY KEITH NUTHALLTHE EUROPEAN Parliament has raised concerns about the financial viability of the Galileo global positioning project, passing a critical motion calling on Brussels to "ensure sufficient private sector participation during each step of the project" and guarantee "the financial consequences of a lack of participation by the private sector should not be passed on to the EU or national budgets." The costs are already high, The initial development of Galileo will be funded by Euro 1.1 billion from EU budgets and the European Space Agency, with companies ...
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