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

  • Dubai's RTA plans US$985 million project spend in 2014
    February 10, 2014
    Dubai's transport authority has approved a budget of just over US$1.9 billion for this year, with more than half allocated to new projects. Mattar Al Tayer, chairman and executive director of the Roads and Transport Authority (RTA) said around a third of the budget will be allocated to the Traffic and Roads Agency, a third to the Rail Agency, 13 per cent to the Public Transport Agency, and 17 per cent to be shared between the Licensing Agency, Administrative Support Services Sector, and Technical Support
    Read More
  • IBTTA, ITS America applaud long term FAST Act
    December 2, 2015
    The International Bridge, Toll and Turnpike Association (IBTTA) and ITS America have applauded Congressional committee members on reaching agreement on a long-term surface transportation bill.
    Read More
  • Latest round of TIGER funding announced
    August 1, 2016
    Nearly US$500 million will be made available for transportation projects across the US in the eighth round of the highly successful and competitive Transportation Investment Generating Economic Recovery (TIGER) grant program. Announcing the funding, US Transportation Secretary Anthony Foxx highlight how this will improve safety and economic opportunity in two US territories, 32 states and 40 communities across the country. This year’s TIGER awards include US$19 million to Pittsburgh, Pennsylvania fo
    Read More
  • The challenging European road to carbon neutrality and the need for distance-based charging
    November 1, 2023
    Fuel taxes are falling and EVs have the potential to create social equity issues. The answer may lie in expanding the use of technology which has successfully been used for two decades with trucks
    Read More

Highlighted Content