Chernobyl Shelter Fund
Encyclopedia
The Chernobyl Shelter Fund (CSF) was set up in December 1997 with the purpose of funding the Shelter Implementation Plan
(SIP). The main objective of the SIP, developed in a co-operative effort between the European Union
, the United States
and Ukraine
, is to protect the personnel, population and environment from the threat of the huge radioactive inventory of the Chernobyl
Unit 4 Shelter. At the end of the eight to nine year project, estimated to cost US$ 768 million, the Shelter will be transformed into a stable and environmentally safe system for an estimated 100 years. The most visible aspect of this transformation will be the construction of the New Safe Confinement
. The European Bank for Reconstruction and Development
(EBRD) was entrusted with managing the CSF.
Shelter Implementation Plan
The Shelter Implementation Plan was developed in a cooperative effort among the European Union, the United States and Ukraine to protect the personnel, population and environment from the threat of the huge radioactive inventory of the Chernobyl Unit 4 Shelter...
(SIP). The main objective of the SIP, developed in a co-operative effort between the European Union
European Union
The European Union is an economic and political union of 27 independent member states which are located primarily in Europe. The EU traces its origins from the European Coal and Steel Community and the European Economic Community , formed by six countries in 1958...
, the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
and Ukraine
Ukraine
Ukraine is a country in Eastern Europe. It has an area of 603,628 km², making it the second largest contiguous country on the European continent, after Russia...
, is to protect the personnel, population and environment from the threat of the huge radioactive inventory of the Chernobyl
Chernobyl
Chernobyl or Chornobyl is an abandoned city in northern Ukraine, in Kiev Oblast, near the border with Belarus. The city had been the administrative centre of the Chernobyl Raion since 1932....
Unit 4 Shelter. At the end of the eight to nine year project, estimated to cost US$ 768 million, the Shelter will be transformed into a stable and environmentally safe system for an estimated 100 years. The most visible aspect of this transformation will be the construction of the New Safe Confinement
New Safe Confinement
The New Safe Confinement is the structure intended to contain the nuclear reactor at Chernobyl, Ukraine, part of which was destroyed by the Chernobyl disaster in 1986. The idea is to prevent the reactor wreck from leaking radioactive material into the environment...
. The European Bank for Reconstruction and Development
European Bank for Reconstruction and Development
Founded in 1991, the European Bank for Reconstruction and Development uses the tools of investment to help build market economies and democracies in 30 countries from central Europe to central Asia. Its mission was to support the formerly communist countries in the process of establishing their...
(EBRD) was entrusted with managing the CSF.