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News & Media

Latest °ÄÃÅÁùºÏ²Ê¸ßÊÖ Newsline

  • Fusion supply chain | A glimpse into the future for commercial fusion reactors

    Most of the USD 7 billion in investment in private fusion initiatives has gone to companies that are building devices from the ground up. But recently, another [...]

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  • Outreach | °ÄÃÅÁùºÏ²Ê¸ßÊÖ @ October science festivals

    Every October, before schools pause for two weeks of holiday, towns and cities in France open their municipal spaces to scientific experts of all stripes who ar [...]

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  • Image of the week | °ÄÃÅÁùºÏ²Ê¸ßÊÖ Director-General visits Russia

    The °ÄÃÅÁùºÏ²Ê¸ßÊÖ Director-General was in Russia last week, meeting with stakeholders and holding technical meetings with colleagues in Moscow and Saint Petersburg. As [...]

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  • Image of the Week | Sector 5 is on its way

    The first vacuum vessel sector produced in Europe travelled last week between Monfalcone, Italy, and the French port of Fos-sur-Mer. The 440-tonne component had [...]

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  • Anniversary | °ÄÃÅÁùºÏ²Ê¸ßÊÖ Document Management system turns 20

    Whatever its nature, every large project generates huge numbers of documents. And when project collaborators operate from different countries, as was the case f [...]

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Of Interest

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Stakeholders

Europe's vote of confidence

The bottom line is always what matters. For the issued on Thursday 12 April by the European Council of Ministers, the key phrase was in the final point: "... the Council MANDATES the Commission to approve the new °ÄÃÅÁùºÏ²Ê¸ßÊÖ baseline on behalf of Euratom ..."

European oversight of its investment has profited from a steady stream of VIP visitors to the °ÄÃÅÁùºÏ²Ê¸ßÊÖ site: ministers, Commission officials, and Members of the European Parliament. Slowly, scepticism has given way to renewed trust. (Click to view larger version...)
European oversight of its investment has profited from a steady stream of VIP visitors to the °ÄÃÅÁùºÏ²Ê¸ßÊÖ site: ministers, Commission officials, and Members of the European Parliament. Slowly, scepticism has given way to renewed trust.
The immense value of this bureaucratic phrase to the °ÄÃÅÁùºÏ²Ê¸ßÊÖ Project lies in its context. As °ÄÃÅÁùºÏ²Ê¸ßÊÖ's host Member, Europe bears the lion's share of the project cost: 45.46 percent.

Correspondingly, European countries and companies receive the greatest benefit—approximately EUR 4 billion invested, with 900 contracts awarded to date to 440 companies and research organizations. But with so much at risk, European leaders were understandably critical just a few years ago, when the °ÄÃÅÁùºÏ²Ê¸ßÊÖ Project was running over cost and behind schedule.

Over the past three years, as project reforms have taken hold, this view has changed. European oversight of its °ÄÃÅÁùºÏ²Ê¸ßÊÖ investment has profited from a steady stream of VIP visitors: ministers, Commission officials, and Members of the European Parliament have come to view first hand the colossal °ÄÃÅÁùºÏ²Ê¸ßÊÖ structures emerging from the ground, the fabrication of first-of-kind components, the arrival of tanks and transformers and many other contributions from around the world. Slowly, scepticism has given way to renewed trust.

In June 2017, the European Commission took the first step, when it sent a comprehensive, 14-page "" to the European Parliament and the Council of Ministers: a thorough dissection of why European leaders should have confidence that the °ÄÃÅÁùºÏ²Ê¸ßÊÖ Project is on track for success.

With the statement last Thursday, the Council has added its positive endorsement. In its 14-point set of "Conclusions on the Reformed °ÄÃÅÁùºÏ²Ê¸ßÊÖ Project," the Council acknowledges the improvements in management that have restored °ÄÃÅÁùºÏ²Ê¸ßÊÖ to health, urges all °ÄÃÅÁùºÏ²Ê¸ßÊÖ stakeholders to continue to manage risk and control costs, and "reaffirms the continued commitment of Euratom to the successful completion of the °ÄÃÅÁùºÏ²Ê¸ßÊÖ Project."

The bottom line? With this vote of confidence from its largest Member, °ÄÃÅÁùºÏ²Ê¸ßÊÖ is one giant step further in its journey toward success.



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