Costs for New Nuclear Facility Skyrocket as Critics Question its Creation
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The price tag attached to the country’s largest uranium processing facility under the direction of the Department of Energy has climbed to more than 19 times its original estimate. What’s worse is that much of the Tennessee complex, according to the government’s own calculations, isn’t needed and the rest will most likely be outdated when the facility becomes fully operational — two decades from now.
The project was first estimated to cost around $600 million, but that has since climbed to as high as $11.6 billion – and is likely to go even higher, Lydia Dennett, a research associate at the Project on Government Oversight, told FoxNews.com.
“The cost has jumped dramatically, but there’s also been a huge delay in the operational date,” Dennett said.
Originally, the facility was supposed to be up and running by 2018, but that’s been pushed back to 2038.
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