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-euro Galileo Project in March 2002 to develop a satellite-navigation system independent of the U.S. military GPS monopoly.
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 thousandsof job opportunities. Chinese experts expected revenues worth 260 billion yuan (23.6 billion euros) in Galileo systems applications by 2020.