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

  • Bringing the Internet of Mobility to life
    July 16, 2021
    As we chart our route to the ITS World Congress in Hamburg, a recent Ertico-ITS Europe webinar explored the future of connectivity including policy, infrastructure and security
    Read More
  • ITS European Congress: safer and cleaner mobility
    August 6, 2019
    Smart mobility and the increasing digitalisation of transport were among the main themes of this year’s ITS European Congress in the Netherlands. Ben Spencer picks some highlights from conference sessions which considered possible future developments Navigating between the Evoluon conference centre - a former science museum that resembles a giant-sized UFO - and an automotive campus, there was a lot to see at the 13th ITS European Congress in Brainport, Eindhoven. Organised by Ertico – ITS Europe and th
    Read More
  • What's next for traffic management and data collection?
    January 26, 2012
    As the technologies and stakeholders in traffic management evolve, what can we expect to see happening in the coming years? For many, the conversation of the moment is just how, and how far, the newer technologies and services provided principally by the private sector should be allowed to intrude into the realms of traffic management.
    Read More
  • Zuora: MaaS comes to the masses
    April 28, 2020
    The shift from ownership to usership in the subscription economy provides opportunities for the whole of the mobility sector for the next decade and beyond, says John Phillips of Zuora
    Read More

Highlighted Content