The MOX nuclear fuel processing facility under construction at the Savannah River Site in South Carolina is all but dead, The New York Times reports, as the Obama administration takes stapes to slash the projectâs budget.
Construction of the MOX facility, which was to reprocess plutonium from nuclear bombs as part of a disarmament arrangement between the United States and Russia, has already cost $3.7 billion and the project is just 60 percent complete, according to the Times. Cost estimates for completing construction are now in the range of $7.7 billion. The facility was envisioned to be a cornerstone of nuclear disarmament and non-proliferation efforts.
Details of the agreements are not public but if the project is altogether abandoned the federal government could owe contractors tens of millions of dollars in cancellation fees, according to the Times.
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