Consortiums get nod to build EU satellite system
Jeff Mason writes for Reuters:
A long battle to win the rights to build and operate the European Union's new satellite navigation system ended on Monday with approval for the two former rival consortiums to make a joint bid.
Galileo, the multi-billion euro project seen as a competitor to the U.S. Global Positioning System, is scheduled to go into service in 2008 and eventually will have 30 satellites for mostly civilian uses.
The two consortiums -- made up primarily of French, German, Spanish and Italian industrial heavyweights -- said they wanted to join forces in May after the body charged with awarding the contract, known as the Galileo Joint Undertaking (GJU), declined to pick one group as the preferred bidder.
The GJU, set up by the European Commission and European Space Agency, said on Monday the combined bid was of better value to the public and talks on the concession contract would conclude before the end of 2005.
posted by Fergie @ 6/27/2005 08:42:00 AM
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