Public-private partnership (PPP), long the proud standardbearer for Europe's hopes for an independent satellite navigation system, was laid to rest in Brussels on May 16. European Union (EU) Transport Commissioner Jacques Barrot made the announcement as he presented three options for the bogged-down Galileo project: a complete EU takeover, partial public financing, or total elimination.
Barrot prefers to take over the project now, at an estimated public cost of about [euro]2.4 billion ($3.26 billion) in addition to the [euro]1.5 billion ($2 billion) already allocated in