Cash for Chernobyl.Provided by 7DAYS.ae The European Bank for Reconstruction and Development European Bank for Reconstruction and Development Bank targeted at Eastern Europe and the former Soviet Union. (EBRD EBRD See: European Bank for Reconstruction and Development ) said yesterday it would offer $215 million to help finance a new sarcophagus around the Chernobyl reactor, the scene of the world's worst nuclear accident. An EBRD spokesman said the bank would contribute to a global fund to finance a safe enclosure at the facility, located in the former Soviet republic of Ukraine. "There is a predictable shortcoming in the financing so $215 million of the bank's profits will be transferred to this fund," he said. The spokesman added that the sarcophagus, which should be ready by 2012, will cost around $2 billion. In 1986, reactor No4 at Chernobyl nuclear power plant exploded, contam-inating large parts of Europe but especially Ukraine, Belarus and Russia. [c] 2007 Al Sidra Media Al Sidra Media LLC is a publishing company based in Dubai, UAE. It publishes the popular English-language newspaper 7Days, which is distributed for free. External links
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