The European Union’s troubled Galileo satellite navigation (satnav) project needs 1.9 billion euros (2.5 billion dollars) on top of the 3.4 billion euros already budgeted for it, a top official from the bloc admitted on Tuesday. Galileo is intended to make Europe independent of the existing US GPS satnav system and to rival networks planned by Russia, China, Japan and India. It was meant to be up and running by 2008, but has been plagued by delays and cost overruns. Read More
