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About: Chernobyl Shelter Fund     Goto   Sponge   NotDistinct   Permalink

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The Chernobyl Shelter Fund (CSF) was set up in December 1997 with the purpose of funding the Shelter Implementation Plan (SIP). The aim of the fund is to create conditions for the dismantling and decomposition of the radiation contaminated structures. 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.