BetaONE will rise again!


Reply
  #1  
Old 1st Dec 07, 05:19 AM
NewsBot's Avatar
NewsBot NewsBot is offline
Senior Member
 
Join Date: Oct 2004
Posts: 31,216
NewsBot will become famous soon enough
EU Agrees to Fully Fund Galileo
European Union governments agreed Friday to jointly complete the development of the much-delayed Galileo satellite navigation project after mollifying Spain, which had demanded a bigger stake in the venture. Spain was the lone holdout in a 26-1 vote at an EU meeting on moving ahead with the $5 billion undertaking. In seeking unanimity, the EU later won Spain's approval with a deal that said a secondary ground station - planned for Spain to monitor emergency services on Galileo channels - may one day be a full-blown ground control station if Spain pays for that upgrade.

The European Commission set a Dec. 31 deadline for final approval of the satellite program. When completed, by 2013, it is expected to rival the American global positioning system, which also is satellite-based. On Nov. 23, EU governments agreed to a taxpayer bailout for the project, several months after a consortium of private companies walked away from it in a financing dispute. Most of the $3.5 billion needed to complete Galileo will come from unused EU farm funds. In an 11th-hour move Friday, Spain demanded a ground control station as part of the network of 30 satellites that will beam navigation signals to earth. The Galileo program had only foreseen two: one near Munich and another near Rome.

View: Full Story on SiliconValley.com

Read full story...



More...
Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is On
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
EU Says It Has Money to Salvage Galileo NewsBot NeoWin News 0 19th Sep 07 10:45 PM
EU Searches for Galileo Funding Source NewsBot NeoWin News 0 18th Sep 07 12:39 AM
Galileo satellite runs into trouble Alpine BetaONE News 0 8th May 07 10:20 PM
Galileo codes cracked Alpine BetaONE News 0 12th Jul 06 05:55 PM


All times are GMT +1. The time now is 12:32 AM.


Design by Vjacheslav Trushkin for phpBBStyles.com.
Powered by vBulletin® Version 3.6.5
Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.