The BBC is reporting that European transport ministers have agreed to the 2008 deployment of the European controlled GPS system. Costing 2.1 billion euros and creating 150,000 jobs.
The Galileo satellite navigation system will soon become a reality after being given final approval in Brussels. European transport ministers agreed to the next phase of the project - the construction and launch of spacecraft.
It is expected the European network will have orbiting satellites in place to begin operations beyond 2008. Galileo will be interoperable with the US GPS, improving the accuracy and reliability of navigation and timing signals received across the planet.