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Iter to cost Europe €10bn

Europe will pay €10.3 billion towards the Iter nuclear fusion project underway in France between 2021 and 2035, the European Commission has said.

The expense of Iter for Euratom, the European Atomic Energy Committee, was set out in documents published by the Commission on 14 June. Europe has already spent over €5bn on Iter to date, and will spend a total of €10.3bn towards its construction and running costs between 2021 2035, according to the latest estimates.

The original 2001 estimate of Iter’s total construction costs was about €5.9bn, of which Europe was to contribute €2.7bn. However, substantial delays and unforeseen costs meant that in 2010 the cap for Europe’s contribution to the construction costs was increased to €6.6bn up to 2020.

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