Galileo Gets 450M Euros to Proceed

Wednesday, April 10, 2002
The European Transport Council (i.e. the Transport Ministers of the European Member States), which met in Brussels on March 25-26, has released from the European Community budget the 450 million Euro necessary to launch the Galileo satellite navigation project. The Commission was asked to set up the "Joint Undertaking" (the authority overseeing the management of Galileo's development phase) without delay. Galileo has been stalled for 15 months. At the Barcelona summit, European Leaders had approved its launch and thus increased the pressure on the Transport Council. We understand that the agreement was made possible by a compromise regarding the composition of the Joint Authority. In order to avoid a conflict of interests, public companies (who will contribute significantly to the financing of Galileo) will be excluded from the Joint undertaking until after completion of the tendering process at the end of 2003. Importantly for the shipping industry, Ministers stated in the Council Conclusions that Galileo "should be interoperable with GPS and its successor systems through an EU-US agreement that should be negotiated as soon as possible." Therefore, it would seem that those enterprises which wish to continue using the free GPS system will be able to do so as the signal will not be blocked. In any case, Galileo will have several levels of service, some of which will also be free. The European Transport and Energy Commissioner, Mrs. Loyola de Palacio, has stated that there will only be a charge for those services which are of a higher quality than GPS currently provides. It seems, therefore, that the Galileo project will not necessarily entail extra expense for the shipping industry unless it wishes to avail itself of the reportedly 'superior' capabilities of Galileo.
Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Shipping Turns From Banks to Equity Markets for Cash

Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector

Keel-Laid for Navy's 10th LCS at Austal Yard

The Navy and Austal USA held a keel-laying ceremony for the future 'USS Gabrielle Giffords', the Navy's 10th littoral combat ship (LCS), in Mobile, Ala., informs

Homeland Security Secretary Visits Ingalls Shipbuilding

Huntington Ingalls Industries' Ingalls Shipbuilding division apprises it has hosted a visit by Secretary of Homeland Security Secretary Jeh Johnson and U.S. Rep.

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Offshore Oil Pod Propulsion Salvage Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0893 sec (11 req/sec)