Australian nuclear waste repository could deliver $250 billion in revenue

• 8 years ago (2016-02-15)
• David Flin

Nuclear 659

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The Royal Commission into the Nuclear Fuel Cycle , headed by former South Australian Governor Kevin Scarce, has released its preliminary findings, which indicated that there would be substantial economic benefits from a waste storage facility. The report said that this project would deliver the biggest economic benefit to South Australia of all nuclear-related proposals.

Scarce said the facility would require a dedicated port facility, airport, and rail freight line. The project would begin with an above-ground interim storage facility. A separate underground facility would be built later. He said a sovereign wealth fund called a State Wealth Fund should be set up in conjunction with the waste facility to deliver long-term benefits to South Australia, which could generate $6 billion a year for more than 70 years.