Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-08-Speech-3-477-000"
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"en.20110608.20.3-477-000"2
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"The Galileo system will improve the accuracy and the reliability of US Global Positioning System (GPS) information. This new system will be important for ensuring Europe’s autonomy and independence from other global navigation systems and enabling it to claim a share of this booming worldwide high-tech market. As we know, the programme is funded fully by the Union budget with a budget of EUR 3.4 billion until 2014. We know that the indirect benefits of the programme are estimated to be around EUR 60 billion per year, but the Commission has admitted that additional investment will be required in order to reach full operational capacity. As it is not clear how much the Galileo system will cost the taxpayer, I abstained on this measure, not least to reiterate the request to the Commission to clarify the project’s future costs."@en1
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