| A Chinese general
contractor for the European Galileo Project recently
obtained three application projects. The Galileo Joint
Undertaking (GJU) endorsed China Galileo Industries
(CGI) to develop the fishery application system, the
location-based services and special ionospheric studies
for the Galileo regional augmentation services.
The EU and the European Space Agency had kicked off
the 3.5 billion- billioneuro Galileo Project in March
2002 euro to develop a satellite-navigation system independent
of the U.S. The first Galileo navigation satellite is
expected to be launched later this year. China was the
first country outside Europe to join the Galileo Project,
agreeing to invest a total of 200 million euros into
the global consortium. About 70 million euros of the
Chinese investment have been put into technologies development
and the remaining 130 million euros into deployment
of space and ground infrastructure. The EU estimated
that by 2020, the Galileo Project will bring Europe
tens of billions of euros in revenues and tens of thousands
of job opportunities. Chinese experts expected revenues
worth 260 billion yuan (23.6 billion euros) in Galileo
systems applications by 2020.
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