Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-08-Speech-3-477-500"

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"The Galileo programme, which, in conjunction with the European Geostationary Navigation Overlay Service (EGNOS), aims to create a global navigation satellite system (GNSS), is in line with a strategic choice on the part of the Union: it confirms its entry onto the global market, while its efforts assert itself in the global market, which is currently dominated by the United States, and is important to boosting the European economy itself. Let us remember that, as is said in the report, 7% of EU gross domestic product (GDP) depends on the use of the Global Positioning System (GPS), reinforcing the need for an autonomous satellite navigation system. The intention at the moment is to carry out a comprehensive analysis of the project. Among the conclusions to draw from it, it should be stressed that the running costs of these programmes are estimated to be some EUR 800 million per annum and that revenue will only reach EUR 80 million per annum by around 2030. Nevertheless, it is estimated, on the other hand, that the indirect benefits could be worth as much as EUR 60 billion per annum. In this context, I think it is important, as the rapporteur suggests, to launch the debate about the structure of this programme and how to make money out of it in future, so as to adopt robust and safe solutions for the future of Europe."@en1

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