Featured Articles

AMD SVP John Byrne named turnaround exec of the year

AMD SVP John Byrne named turnaround exec of the year

Director of AMD’s PR Chris Hook has tweeted and confirmed later in a conversation with Fudzilla that John Byrne, Senior Vice…

More...
Shield Tablet 8 launching on Tuesday July 22nd

Shield Tablet 8 launching on Tuesday July 22nd

We knew the date for a while but as of right now we can confirm that Nvidia’s new Shield Tablet 8,…

More...
AMD confirms 20nm in 2015

AMD confirms 20nm in 2015

Lisa Su, Senior Vice President and Chief Operating Officer, AMD, has confirmed what we told you back in May 2014 – …

More...
AMD reports loss, shares tumble

AMD reports loss, shares tumble

AMD’s debt load is causing huge problems for the chipmaker -- this quarter it had another substantial loss. The tame Apple Press…

More...
AMD A8-7600 Kaveri APU reviewed

AMD A8-7600 Kaveri APU reviewed

Today we'll take a closer look at AMD's A8-7600 APU Kaveri APU, more specifically we'll examine the GPU performance you can…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Thursday, 20 September 2007 22:42

EU satnav system runs into cash troubles

Written by Nermin Hajdarbegovic

Image

Galileo needs 2.4 billion taxpayer euros

 

Europe's counterpart to the US GPS system needs a significant funding boost to be developed further.

An estimated 2.4 billion euros are needed to sustain development of the Gallileo satellite navigation network. One proposal is to allocate unused funds from the Common Agricultural Policy for 2007 and 2008, but not all agree that this is a good idea.

Earlier this year EU officials admited that they had failed to secure sufficient financing from private companies. The original plan was to fund the development and deployment of the first four satellites with public money. The remaining 26 satellites needed to complete the constellation were supposed to be financed by a consortium of private companies.

French satellite group Eutelsat said Tuesday that it was interested in planning and providing the 26 satellites needed for Galileo. However, a proposal to seek additional contributions from EU member states wasn't welcomed by many, including France.

Unlike the American DoD operated GPS network, which is available free of charge, the Europeans have planned to charge Galileo users. This is just one of the stumbling blocks, as critics often point out that private companies see no point in investing in such a project due to the fact that the already established and widely used GPS is free and is undergoing major upgrades as we speak.

The European Galileo satellite navigation system was supposed to be operational by 2012, but at the moment this seems like a very unlikely proposition.

Russia is also developing a similar system, named Glonass, and the Chinese seem to be following suite with their Beidou system.
Last modified on Thursday, 20 September 2007 22:49

Nermin Hajdarbegovic

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments