More than 400 million euros will have to be diverted from Framework 7 to cover the rising costs of Iter, the international fusion research project, a Commission proposal states.
Finding the money for Iter means that 100m euros will be taken from Framework 7 in 2012, and another 360m euros in 2013, the Commission says. The proposal is an attempt to smooth things over with member states, which are refusing to front the cash needed to keep Iter going. The European contribution to the project is expected to more than double: from 2.7 billion euros agreed in 2006 to around 7bn euros by 2013.
During a Council meeting on 12 July the member states said they would not provide the extra money, and that it should come from the existing EU budget, primarily Framework 7. Europe needs to find an additional 1.4 billion euros to pay for Iter’s construction by 2013, meaning that just under 1bn euros will still have to be found somewhere.