Economic benefits questioned.
Transport ministers from six European Union (news-Websites) nations threatened Friday to delay funding for the EU’s planned multibillion dollar satellite navigation network, a move the EU’s head office warned could sink the project. Ministers, from Germany, Denmark, Austria, the Netherlands, Sweden, and Britain urged holding back on the next phase of funding to the proposed $3.24 billion Galileo satellite system. They questioned the economic benefits of the network which is scheduled to become operational by 2008 as a rival to the U.S.-run Global Positioning System.
EU Warns on Satellite Fund Delays 12.17.2001
December 17, 2001