Financial Times FT.com

Galileo satellite finally on track as rival to GPS

By Andrew Bounds in Brussels

Published: December 1 2007 02:00 | Last updated: December 1 2007 02:00

European nations yesterday finally agreed to build a €3.4bn ($5bn, £2.4bn) satellite navigation system that officials claim will give the EU "strategic independence" from the US.

Ministers approved a design framework and funding for the Galileo project, which will rival GPS, the US-owned global navigation system, after five years' delay.

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