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Galileo will bring jobs to Europe, says EU

Galileo funding a step closer

Funds will be diverted from farm subsidies and research budgets, EU member states have agreed

Written by Tom Young

Computing, 26 Nov 2007

Funding arrangements for the controversial Galileo European satellite navigation system have taken a step forward.

EU member states have agreed that funds will be diverted from farm subsidies and research budgets to meet the programme's €2.4bn (£1.7bn) budget shortfall.

The move comes despite a report by the transport committee urging the UK to withdraw from funding the project without further cost-benefit analysis.

But the European Parliament still needs to approve the spending plan before it goes ahead.

Galileo is seen as of key strategic importance for providing a global positioning system that does not rely on the US military. The European Commission says the scheme will also create revenue and jobs for European countries.

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