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

  • New York to pilot cordon-based congestion charging
    March 16, 2012
    From 2009, if all goes to plan, New York will run a three-year cordon-based congestion charging pilot - the first in the US. Upon accession, US Secretary of Transportation Mary Peters signalled her intention to continue her predecessor Norman Mineta's initiative to specifically target road congestion. And, with initiatives such as the US Department of Transportation's (USDOT's) Urban Partnership Program actively promoting tolling as a part of a compound solution to the problem, the way was opened for the co
    Read More
  • New York to pilot cordon-based congestion charging
    March 16, 2012
    From 2009, if all goes to plan, New York will run a three-year cordon-based congestion charging pilot - the first in the US. Upon accession, US Secretary of Transportation Mary Peters signalled her intention to continue her predecessor Norman Mineta's initiative to specifically target road congestion. And, with initiatives such as the US Department of Transportation's (USDOT's) Urban Partnership Program actively promoting tolling as a part of a compound solution to the problem, the way was opened for the co
    Read More
  • Underinvestment in infrastructure threatens economic growth
    January 24, 2012
    The 2011 Urban Mobility Report from the Texas Transportation Institute highlights the dangers of continued underinvestment in transportation infrastructure but also offers some hope in terms of possible solutions
    Read More
  • 2017 GNSS Market Report looks at latest trends shaping road transportation
    May 11, 2017
    The fifth edition of the European GNSS Agency’s (GSA) 2017 GNSS Market Report offers a comprehensive look at the global GNSS market, providing an analysis per market segment (location-based services (LBS), road transportation, aviation, maritime, rail, agriculture, surveying and timing and synchronisation), region and application type, including information on shipments, revenues and installed device base. In the road sector, according to the report, European GNSS, including Galileo and EGNOS, significantly
    Read More

Highlighted Content