Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-26-Speech-3-212-500"
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"en.20111026.16.3-212-500"2
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Europe’s GALILEO project has a 100% European base, so it is viewed by many as another benchmark for a European identity. The launch of the first two satellites on 21 October is only the start of a constellation of 30 satellites. This intelligent satellite navigation system will develop and improve countless applications and services, not least for a smart transport system, for search and rescue services, for secure financial transactions and for the supply of electricity. European independence from the US’s Global Positioning System (GPS) was one of the GALILEO project’s initial objectives. However, interoperability and compatibility work between the two has enabled the signing of this cooperation agreement. Following four years of negotiations, users of both navigation systems – GALILEO and GPS – will be able to make use of both with the same equipment. Even in its embryonic stage, the scale of this project demonstrates that GALILEO has a potential market of 3 billion users, and that its success will benefit the European market, particularly small and medium-sized enterprises. It is estimated that it will generate EUR 90 billion over 20 years, and bring countless benefits to the public and society."@en1
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