Berlin officials denied claims that
the cost of the European Union’s
controversial homegrown satellite
navigation system, Galileo, were set to
skyrocket. The German magazine Der
Spiegel had said that instead of costing
3.4 billion euros (5 billion dollars) to
build, as budgeted by Brussels, it was
bound to cost at least 5 billion euros.
Even 10 billion euros (nearly 15 billion
dollars) was possible, the weekly said.
Spiegel added that a secret German
government study concluded the overall
cost would rise by 1.5 billion euros even
under optimum conditions. Any delay
or unforeseen technical difficulty would
only add to the cost. A spokesman at
the Transport Ministry in Berlin, which
is overseeing the project, responded,
“The government has no information
about any billion-euro gaps.” |