Japanese gov't to give $473mn to stop Fukushima nuclear leaks

Japan Prime Minister Fukushima Daiichi nuclear power plant Shinzo Abe storage tank radioactive water leak Tokyo Electric Power Co, TEPCO

Japan’s prime minister said the government will spend 47 billion yen ($473 million) to help stop leaks of radioactive water at the Fukushima Daiichi nuclear power plant, according to Bloomberg.

Prime Minister Shinzo Abe said in the article that he will set up a ministerial level commission to develop a solution to the leaking issue. The funds will go toward an underground ice wall to block groundwater from leaking into basements at the plant and an improved water treatment plant, the article said.

Officials with plant owner and operator Tokyo Electric Power Co. (TEPCO) estimated that more than 300 tons of contaminated water a day had been leaking from storage tanks into the ocean, and nuclear regulators in the country have called the leak an “emergency.” The government placed TEPCO under temporary state control and gave the company a 1 trillion yen ($12.8 billion) bailout in July 2012.

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