Sweden Approves SKB Final Repository Project
On 27th January, the Swedish Government approved the project proposed by SKB to build a final repository for spent nuclear fuel in Forsmark and an encapsulation plant in Oskarshamn.
The final repository project will bring investments of around SEK19bn (approximately €1.8bn) and will create about 1,500 jobs. The projects will be financed by funds already funded from the Nuclear Waste Fund.
SKB has researched and developed technology for the final repository for more than 40 years in collaboration with experts from universities, research institutes and higher education institutions in Sweden and abroad.
The final repository method was reviewed and assessed by the Swedish Radiation Safety Authority and the Land and Environment Court.
The total length of the tunnel system is over 60 kilometers. Below ground, the repository covers 3 to 4 square kilometers. It is placed at a depth of 500 metres.
Read the full SKB Press Release.