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Atomic `challenges' prompt Ottawa to shell out

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Atomic `challenges' prompt Ottawa to shell out another $200 million


Misc CDN | 206592 hits | Nov 06 9:45 am | Posted by: Hyack
2 Comment

The federal government is throwing another $200 million at Atomic Energy of Canada Ltd. to cover more cost overruns related to CANDU refurbishment projects.

Comments

  1. by ridenrain
    Fri Nov 06, 2009 6:40 pm
    These boondoggles are unacceptable.

  2. by avatar Winnipegger
    Sat Nov 07, 2009 10:02 pm
    So don't sell AECL. Treat the money spent on the new Advanced CANDU as an investment. Structure the cost for new powerplants to recover both development and construction costs from sale of power. Infact, intelligent financial management would structure the federal governments costs now as a business loan, fully repayable.

    As for Chalk River, that's different. That is a research centre as well as an operational facility to produce medical isotopes. I would think any work to produce medical isotopes could be recovered by sale of those isotopes, but research work is strictly an expense. There are other reasons to not sell Chalk River that I don't want to get into here. The point is most of these costs should and must be considered a repayable business loan.



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