World Financial Crisis not Effecting Chernobyl Shelter Project
Volodymyr Shandra, Minister of the Ukrainian Ministry of Emergency Measures, has announced his confidence that the world financial crisis will not affect the financing and construction of the New Safe Confinement structure over Reactor 4 at the Chernobyl Nuclear Power Plant. Shandra also believes inflation will not have a noticeable effect on the project.
Shandra explained his confidence by noting that project funds are controlled by the European Bank for Reconstruction and Development.
While Shandra seems confident, it is interesting that he also hopes that at the next meeting of donor countries (which started today in London, England), a decision will be made to significantly add money to the “Shelter” fund and the Nuclear Safety Account. This either means the financial crisis is having an effect on the project or Shandra wants to insure there are no monetary shortfalls that could delay the project.
Currently, construction of the New Safe Confinement is scheduled for completion in the summer of 2012.
Shandra explained his confidence by noting that project funds are controlled by the European Bank for Reconstruction and Development.
While Shandra seems confident, it is interesting that he also hopes that at the next meeting of donor countries (which started today in London, England), a decision will be made to significantly add money to the “Shelter” fund and the Nuclear Safety Account. This either means the financial crisis is having an effect on the project or Shandra wants to insure there are no monetary shortfalls that could delay the project.
Currently, construction of the New Safe Confinement is scheduled for completion in the summer of 2012.
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