You're reading: Almost 700 million euros of donor funds collected to finance Chornobyl projects

The sum of donor funds to finance Chornobyl projects has grown to some 700 million euros.

"We have almost 700 million euros. Let’s remind that the procedure is the following: first a country declares a desire to contribute funds, and then under a schedule it sends donations every year," Chairman of the State Agency for the Chornobyl Exclusion Zone Management Volodymyr Kholosha said at a press conference in Kyiv on Monday.

He said that at Kyiv donor conference held on April 19, 2011 some countries expressed their desire to join the financing of Chornobyl projects. They helped to raise 550 million euros for Chornobyl projects at April’s donor conference.

Then representatives of Ukrainian authorities said that they expect to collect lacking 740 million euros for Chornobyl projects.

The cost of construction of a new safe confinement at the Chornobyl Shelter facility is 990 million euros.

The Chornobyl Shelter Fund worth 1.54 billion euros and the Nuclear Safety Account (NSA) were created for projects at the Chornobyl NPP. The NSA funds the construction of a facility for the treatment of liquid radioactive waste as well as a facility for the interim storage of spent nuclear fuel worth 255 million euros.

A funding gap for the first fund is 600 million euros and that for the second fund is 140 million euros. Some 500 million euros has been spent on tasks linked to Chornobyl projects.