EU FACES SIGNIFICANT ITER BUDGET SHORTFALLS AS FUSION PROJECT’S PRICE RISES
June 1st, 2010
BY KEITH NUTHALL
THE EUROPEAN Union (EU) is facing a serious budget shortfall to meet its commitments to fund the construction of the ITER international fusion reactor, needing to find an additional Euro EUR1.4 billion from 2012 to 2013. Detailed financial reports from the European Commission show that contingency budgets are woefully insufficient to deal with the growing cost of building the reactor in Cadarache, southern France.
One Brussels study on ITER costings points out the 2001 cost estimated for ITER's construction was EUR5.9 billion, of which the ...
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