The new generation of GEANT, the super fast pan-European research internet, has been officially unveiled today. 40 million researchers and students across Europe, who use GEANT today, will be able to better tackle the new science challenges thanks to networking innovation and advanced user services. From 2012 researchers from all over the world will enjoy connection speeds of up to 100 Gigabits per second, ten times higher than today. Faster speeds will, for example help scientists to work better together and also enable them to process massive amounts of data that come from projects like CERN's Large Hadron Collider or giant telescopes scanning the skies for information about our galaxies. GEANT 3 is receiving EUR 93 million in funding from the EU's 7th Framework Programme and a similar amount from Europe's National Research and Education Networks (NRENs), and will run until 2012.
http://www.geant.net/pages/home.aspx

http://ec.europa.eu/information_society/newsroom/cf/itemlongdetail.cfm?item_id=5446