"Japan Readies Additional $30 Billion for Fukushima Clean-Up: Sources"

"Japan's government is finalizing plans to borrow an additional 3 trillion yen ($30 billion) to pay for compensating Fukushima evacuees and cleaning up the area outside the wrecked nuclear plant, said people with knowledge of the situation."

"The additional borrowing would mark both a recognition of the project's mounting costs and the difficulty of hitting initial targets for reducing radiation levels in the towns and villages hardest hit by the fallout from the worst nuclear accident since Chernobyl.

The new government borrowing program would increase the amount earmarked for Fukushima-related expenses to the equivalent of just over $80 billion, according to government officials with knowledge of the developing plan who asked not to be named.

That $80 billion excludes the cost of decommissioning Fukushima's six reactors, a process expected to take decades."

Yoshifumi Takemoto reports for Reuters November 13, 2013.

SEE ALSO:

"With Nuclear Plants Idled, Japan Launches Pioneering Wind Project" (Los Angeles Times)

Source: Reuters, 11/13/2013