Transport written question – answered at on 18 June 2007.
To ask the Secretary of State for Transport what estimate he has made of the (a) cost and (b) merits of funding the Galileo project through (i) public and (ii) private finance.
Galileo is a European Community project which the Government accept should be managed at European level.
The most recent Commission Communication,
i. €1.8 billion for a PPP as foreseen, except that four of the deployment satellites would be procured by the public sector, as risk mitigation; and
ii. €2.2 billion for the public procurement of 18 satellites, with a further 12 purchased by the private sector; and
iii. €1.0 billion for the public procurement of 30.
On
The UK, jointly with the Netherlands and supported by Slovakia and Cyprus, submitted a minutes statement stressing our commitment to the PPP principle for major infrastructure projects, our concerns on the potential increased costs of public procurement, the need for a reassessment of the business case for Galileo, competitive procurement, sound risk management, and ensuring that any extra funds are kept within the current EU financial perspective.
The Department has not made a separate estimate of the costs and merits of funding the Galileo project through public and private finance.
Yes1 person thinks so
No0 people think not
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