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 research finds huge sustainability benefits from new urban mobility models
    June 29, 2016
    New research by UK communications technology specialist BT and Frost & Sullivan finds that new urban mobility models such as ride-sharing, smart parking technologies and ride-on-demand could reduce the amount of cars needed on urban roads globally by up to 20 million vehicles per year in 2025, offering huge sustainability benefits and an improved experience for travellers. The research, Environmentally Sustainable Innovation in Automotive Manufacturing and Urban Mobility, suggests that consumer trends t
    Read More
  • EU may challenge German road toll law
    June 2, 2015
    The European Commission will consider a legal challenge against Germany over the new road toll law, according to Commission President Jean-Claude Juncker. Critics argue that the toll discriminates against foreigners. The European Commission's President Jean-Claude Juncker said in an interview with Süddeutsche Zeitung that the planned German road toll did not appear to conform to EU rules prohibiting discrimination against foreigners. "The Commission, the guardian of the EU treaties, now has to explore
    Read More
  • How ITS weathers the storm on I-80
    September 7, 2021
    Weather-related closures on Wyoming’s I-80 can cost as much as $11.7m each. But a new initiative is harnessing V2X technology to prevent snow shutting things down
    Read More
  • Car-sharing operators move to smartphone-based car access systems
    November 27, 2015
    New analysis from Frost & Sullivan, Strategic Analysis of the Vehicle-sharing Technologies Market, finds that the global car-sharing user base will reach 26 million members by 2020. Car-sharing operators (CSOs) in North America will lead the way in terms of technology deployments, followed by Europe. To meet the growing demand, partnerships among CSOs, technology companies and original equipment manufacturers will gather pace. Over the years, vehicle-sharing technologies have evolved from simple manual
    Read More

Highlighted Content