Financial Times FT.com

EU to spend $3bn more on Galileo

By Andrew Bounds in Luxembourg

Published: June 8 2007 18:53 | Last updated: June 8 2007 18:53

European ministers vowed on Friday to press ahead with plans to develop a satellite navigation system to provide “independence” from the US, in spite of divisions about how to pay for it.

Transport ministers from the 27-member bloc agreed unanimously to end talks with a private consortium contracted to develop the Galileo system and to spend €2.4bn ($3.2bn) to build it themselves instead.

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