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So called 'Confinement' project, that is being built at site of Chernobyl accident is supposed to solve the problem of radiation leakage for at least some time, until a new solution is found.
Designed to protect the remains of Chernobyl Reactor 4, which was destroyed in an accident in April of 1986, the New Safe Confinement will consist of an arch, made out of two large sections, 257m across and 108m high. Considering it will be finished bu 2017, the new arc will completely cover the aging concrete sarcophagus which was built immediately after the accident. The entire structure will be weighing some 31,000 tonnes and will be pushed over the unit 4 using hydraulic jacks. This sliding operation, expected to take three days, is scheduled for the end of 2015. New cover is supposed to protect from the radiation for the next 100 years, after which it will have to be replaced with a new solution. The project is estimated to cost 2.1billion dollars upon completion and is still looking for full funding.
On December 3, The European Bank for Reconstruction and Development (EBRD) agreed to provide an additional 350 million euros (about 435.12 million U.S. dollars) for the "Confinement" project, expecting additional 205 million from the European Commission and the Group of Seven, and 124 million which are expected to be gathered from the potential donors. Earlier, in 2011, the Ukrainian government managed to raise 726 million for the project.