EU approves funds to complete GPS projects

The European Parliament has approved US$9.5 billion in funding to further develop and complete Europe's satellite navigation programs, including the Galileo and EGNOS projects. The funding will cover the projects from 2014 to 2020 and will be spent on completion of the satellite navigation infrastructure as well as the development of fundamental components such as Galileo-enabled chipsets or receivers in smartphones.
November 21, 2013 Read time: 1 min
The European Parliament has approved US$9.5 billion in funding to further develop and complete Europe's satellite navigation programs, including the Galileo and EGNOS projects.

The funding will cover the projects from 2014 to 2020 and will be spent on completion of the satellite navigation infrastructure as well as the development of fundamental components such as Galileo-enabled chipsets or receivers in smartphones.

"The overall economic impact of Galileo and EGNOS is estimated to be around US$121 billion over the next twenty years," said Industry Commissioner Antonio Tajani. "In addition to the opening up of new business opportunities, everyday users will be able to enjoy increasingly accurate satellite navigation services with every new satellite launch."
Location Based Systems

Related Content

  • EU ‘still a long way off autonomous vehicle legislation’
    September 8, 2015
    European Commission and Parliament officials said during a panel discussion in Brussels that they were moving towards regulating connected cars, but are still a long way off from sealing new legislation on autonomous vehicles. Major car companies have been running tests on autonomous or driverless cars over the last couple of years and some European companies have launched test drives with autonomous cars on public streets. Germany's Daimler got the go ahead this month from state authorities to drive the
    Read More
  • Call for preservation of Europe’s Horizon 2020 budget
    December 19, 2012
    European associations representing industry, research providers, academia, infrastructure, operators and users in the road, rail, air and waterborne transport sectors combine their voices to call for an appropriate budget share for transport research in the future Horizon 2020 Framework Programme for Research and Innovation. Transport is the backbone of the European economy, being fundamental to the four freedoms of the European Union, and underpins social interaction and development throughout the Member S
    Read More
  • European ITS Congress emphasises ITS development and deployment
    January 26, 2012
    The 8th European ITS Congress is a key event for the industry. Hermann Meyer, CEO of Ertico-ITS Europe puts the event in context
    Read More
  • European ITS Congress emphasises ITS development and deployment
    February 6, 2012
    The 8th European ITS Congress is a key event for the industry. Hermann Meyer, CEO of Ertico-ITS Europe puts the event in context
    Read More

Highlighted Content