nuclear-news

The additional borrowing would mark both a recognition of the project’s mounting costs and the difficulty of hitting initial targets for reducing radiation levels in the towns and villages hardest hit by the fallout from the worst nuclear accident since Chernobyl.

The new government borrowing program would increase the amount earmarked for Fukushima-related expenses to the equivalent of just over $80 billion, according to government officials with knowledge of the developing plan who asked not to be named.

That $80 billion excludes the cost of decommissioning Fukushima’s six reactors, a process expected to take decades.

The new funding, which is being reviewed as part of the regular budget-setting process, would increase the amount earmarked for paying for work crews to decontaminate Fukushima towns and villages by about $500 million, according to the sources.

The rest of the extra funding raised by the government would be used to defray the cost of creating a storage facility for the radioactive waste, including topsoil and leaves collected from the evacuated zone, and would be available to pay compensation to more than 50,000 nuclear evacuees who remain shut out of their homes more than two and a half years after a massive earthquake and tsunami in March 2011 triggered meltdowns and explosions at the Fukushima plant…… http://in.reuters.com/article/2013/11/12/us-japan-fukushima-borrowing-idINBRE9AB0H520131112