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Costs of Galileo might go to Euro 6bn

Czech Transport Minister Vit Barta in a statement said that the costs of the Galileo satellite navigation system will rise to EUR5.5bn to EUR6bn from the originally planned cost of Euro 3.5 billion. Last Thursday EU transport ministers agreed at a meeting in Brussels that the European Union will tighten its control over Galileo’s costs. However, Galileo will begin its operation in 2014, is not at risk of being delayed for the time being.

Source:
Prague Daily Monitor

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