EU ACTS TO SAVE ITER BUDGET AS FUSION PROJECT’S PRICE RISES
July 1st, 2010
BY KEITH NUTHALL
THE EUROPEAN Commission proposed today (July 20) a major additional cash injection of Euro 860 million plus in European Union (EU) funds to develop the nuclear fusion demonstration reactor ITER. The proposal is Brussels' response to a potential serious budget shortfall to meet its commitments to fund the construction of the ITER reactor, needing to find an additional Euro EUR1.4 billion from 2012 to 2013. Detailed financial reports from the Commission have shown that contingency budgets are woefully insufficient to deal with the growing cost of ...
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