Press Release: Independent study confirms economic viability of GALILEO

An independent study tasked with the development of a business plan for the project published its results on 22 November 2001, concluding that considerable economic benefits should be generated by GALILEO, the European satellite radionavigation programme. The results of this study come a few weeks ahead of the meeting of the Council of Ministers expected to decide on the organisational structure for the project and the release of the remaining funds for the development phase. It comes only days after the Council of the European Space Agency (ESA) released its part of the funding for GALILEO. The study concludes that the initial public funding required to launch GALILEO will lead to a sound business case.

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