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Press release

12 May 2005

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SIP [Project Summary Document]

Significant pledges boost Chernobyl shelter

Pledges worth roughly $200 million made at a donor meeting in London today will contribute significantly to the construction of a new safe confinement for Unit 4 of the Chernobyl Nuclear Power Plant destroyed in the 1986 accident.

The largest contribution, of more than $185 million, was announced by the G8/EU, with Russia for the first time contributing to the fund. The Government of Ukraine pledged the equivalent of $22 million. Other members of the fund also increased their contributions.

The new donations come on top of more than €600 million in cash contributions already pledged to the fund by 28 donor governments. Total costs are estimated at more than $1 billion. The new contributions are required for the completion of the project, which is scheduled for 2008/2009.

The Chernobyl Shelter Fund is managed by the EBRD. President Jean Lemierre said: We welcome the new donations as a signal for the international community’s strong commitment to complete the Chernobyl shelter. Ukraine’s new pledge demonstrates the country’s determination to finalise the project as planned. We will rely on Ukraine’s continued and competent leadership to meet the ambitious schedule and the budget.

Ukrainian Minister for Emergency Situations Davyd Zhvaniya, in addressing concerns voiced by contributors, reassured the Donor Assembly that all agreements, including on the design of the New Safe Confinement as well as on the application of EBRD procurement rules and procedures, would be honoured by the new Ukrainian Government.

The shelter will help transform the destroyed Unit 4 of the Chernobyl Nuclear Power Plant into an environmentally safe state. Under the plans, an arch-shaped confinement with a height of 100 meters and a span of 250 meters will be assembled in a safe area near the site and eventually slid across the old sarcophagus. It is designed to provide a solid containment for the remnants of the reactor. It will also be fitted with equipment to undertake works which will become necessary in the future, such as deconstruction of unstable parts of the old shelter and the removal of its radioactive inventory.


Press contact:
Anton Usov, Kiev - Tel: +380 44 270 6132; E-mail: usova@ebrd.com



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