Chernobyl cash shortfall

6 February 2008

A European Commission (EC) report has warned that the international project to erect a new shelter over the devastated Chernobyl reactor in the Ukraine is facing funding shortfalls.

The commission said there are “currently enough funds available” in the Chernobyl Shelter Fund to conclude the contract for a new shelter.

However, according to latest estimates, the existing funds are not sufficient to complete the project and additional funds will be required to meet the anticipated US$1.3 billion bill, the EC stated.

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