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

  • Malaysia to invest billions in rail development
    September 12, 2013
    Malaysia plans to spend a staggering US$50 billion to develop its rail network over the next seven years, including a high-speed rail linking Kuala Lumpur and Singapore set for 2020, and the urban mass rapid transit system that is rolling out in 2017. Compared to developed countries where rail transport makes up a third of public transportation, Malaysia's share is less than four per cent.
    Read More
  • Associations gear up for 2014 European Congress in Helsinki
    December 19, 2013
    During the ITS World Congress in Tokyo, ITS Finland, the Finnish Ministry of Transport, Ertico - ITS Europe, HERE and others joined forces to launch a best "ITS in your pocket" app contest for the ITS European Congress in Helsinki 16 to 19 June 2014. The App Contest 2014 is open to European companies, teams and individual developers and over the next few months, workshops and webinars will be organised in various European cities to support participants in their proposals. There are three categories ‘Mu
    Read More
  • NavFusion provides map updates via a smart phone app
    November 28, 2013
    A new app that connects a vehicle’s systems to the internet opens up a range of possibilities as Jon Masters discovers. Sometimes the most straightforward or simple of ideas can be the most significant. So it seems with the latest development from Hungarian navigation software supplier NNG. The company’s software features in-vehicle infotainment systems and has launched NavFusion – which connects a vehicles’ sat nav programs to smartphones. NavFusion is being incorporated into NNG’s iGO navigation s
    Read More
  • US DOT launches Infrastructure for Rebuilding America (INFRA) Grant Program
    July 4, 2017
    The Department of Transportation (DOT) has announced the Infrastructure for Rebuilding America (INFRA) discretionary grant program, which will make approximately US$1.5 billion available to projects that are in line with the Administration’s principles to help rebuild America’s infrastructure.
    Read More

Highlighted Content