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Europe Daily Bulletin No. 8223

1 June 2002
Contents Publication in full By article 21 / 42
GENERAL NEWS / (eu) eu/transport
Status of joint undertaking Galileo takes effect - ESA must still settle matter of over-subscription

Brussels, 31/05/2002 (Agence Europe) - The statute of the joint venture that is to manage the Galileo project took effect on 28 May, but the company itself is not expected to start functioning before the month of September at the earliest. On 26 March, the EU15 Transport Ministers had, after considerable delay and difficulty, reached an agreement of principle on the continuation of the satellite tracking and positioning project (see EUROPE of 27 March). The agreement was formally confirmed...

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