Times of Oman
Price in RO
24ct / gm
22ct / gm
Forex Rates vs R01
Back to Homepage
Japan to boost financial support for Fukushima operator
December 20, 2013 , 11 : 40 am GST
SAVE THIS ARTICLE
In this photograph released by the French Institute for Radiological Protection and Nuclear Safety (IRSN) on December 16, 2013. Photo - AFP
Japan will nearly double financial support for the operator of Fukushima to $86 billion, as the government vowed to speed up the removal of contaminated soil and compensation for victims.
Prime Minister Shinzo Abe and his ministers Friday held a meeting of the nuclear emergency response headquarters and adopted new guidelines they hope will speed up recovery from the disaster more than two-and-a-half years ago.
"Japan won't revive without Fukushima's restoration," Abe told the meeting. "Our mission is to help more than 100,000 evacuees rebuild their lives as quickly as possible."
Under the guidelines, the government will lift the ceiling on public funds for Tokyo Electric Power (TEPCO) to 9.0 trillion yen ($86 billion) from the current 5.0 trillion yen, the officials said.
The cash constitutes loans to the troubled firm, a fresh injection of taxpayers' money and expected capital gains from the planned sale of TEPCO shares held by a government unit in charge of sorting out the mess.
The money is expected to help TEPCO accelerate decontamination work, including by building a storage facility for tens of thousands of tonnes of soil contaminated with radiation, they said.
The embattled utility at the centre of the worst nuclear accident in a generation will also use the fund to cover compensation payments to victims.
A 9.0-magnitude quake struck off Japan's northeast coast in March 2011, triggering monster waves that swamped the Fukushima plant's cooling systems, sparking reactor meltdowns and radiation leaks.
Tens of thousands of people were evacuated from around the plant, which scientists say will take four decades to clean up.
While some areas are now deemed safe for residents to return to, many others remain off-limits, and experts warn certain spots may be uninhabitable for decades because of high radiation readings.
Rate this Article
Rates : 0, Average : 0
Post a Comment
Did you like this section? Leave a comment!
Your Name :
Your Email Address :
Your Comment :
Enter ImageText here:
Back to Article
December 20 at 11 : 43 pm
Sickened by service: More US sailors claim cancer from helping at Fukushima
December 20, 2013 FoxNews
51 crewmembers of the USS Ronald Reagan who have joined a lawsuit against Tokyo Electric.
When the USS Ronald Reagan responded to the tsunami that struck Japan in March 2011, Navy sailors gladly pitched in with rescue efforts.
51 U.S. Navy members who served aboard the Ronald Reagan now trace illnesses including thyroid and testicular cancers, leukemia and brain tumors.
The lawsuit was initially dismissed, when the court ruled that any ruling would hinge on interpreting communication between the Japanese and U.S. governments, which could violate the separation of powers.
The Department of Defense declined to comment on the pending lawsuit.
The Japanese government knew radiation was being leaked and did not inform the U.S. Navy.
Latest in this section
Ex-guerrilla leader Sanchez Ceren ahead in El Salvador run-off vote
Tens of thousands stage anti-nuclear rally in Tokyo
Police to make parents, wards aware of social media’s hazards
Indian-origin student wins spelling bee after epic 95 rounds
Libya authorises use of force against North Korean-flagged tanker
TOP RATED ARTICLES
Movie Review: Gulaab Gang
Siddharth Akhouri - Special to Times of Oman
Pakistan Navy Ship sets sail for Oman
50,000 Iranian tourists to visit Oman in 2014
Women climb up Petroleum Development Oman ladder, take positions once held only by men
Indian police drop sedition charge against cricket fans
More in News
Urban gardens greening Berlin rooftops, airfield
Italian violinist strikes a chord with street children
Tips for writing a good article
How to choose your writing form and communicate your creative thoughts
Natasja Engholm - Special to Times of Oman
Indonesia's illegal dentists bite back after ban
More in Features
Europe and US have legitimised neo-Nazis
Turkey should avoid being in Shanghai Five
The ever-shifting borders in the Middle East
Armed neo-Nazis have taken over Ukraine
Paul Craig Roberts
France is in sight of the violence in CAR
More in Columns
Get Top news by E-mail.
Copyright © 2014 Muscat Press & Publishing House SAOC. All rights reserved. Times of Oman is not responsible for the content of external internet sites.
For reprint rights contact:
TOO Online Editorial