AECL funding to top $1 billion

by Terry Myers

It’s official – Atomic Energy of Canada Ltd will receive more than $1 billion in federal funding this year, to support both decommissioning and development at the Chalk River Laboratories.

The figures are contained in the federal government’s main spending estimates published Monday.

Total funding for AECL will be $1.043 billion for the fiscal year 2018-19, which began April 1.

The funding is broken down into two components: $592.8 million for “nuclear decommissioning and radioactive waste management” and $450.7 million for “nuclear laboratories.”

The money allocated to the laboratories includes just under $304 million in operating funding and $146.7 million for capital projects.

“The mandate of Atomic Energy Canada Limited (AECL) is to enable nuclear science and technology and manage the government of Canada’s radioactive waste and decommissioning responsibilities,” the estimates document says.

for the full story, pick up a copy of the April 18 NRT…