EBRD To Launch Last Funding Drive To Seal Chernobyl Site (See Video)

The most recent crisis for the Chernobyl nuclear power plant is one that has long been predicted: The project to contain the site of the most lethal nuclear power plant accident in history is running out of funds.

Chernobyl New Safe Confinement - EBRDTo date about $1.6 billion has been spent on the disaster containment project that includes the largest moveable land-based object ever built. But the European Bank for Reconstruction and Development, which is funding the massive containment build, says it now needs an additional $652 million to get the job done.

The EBRD has pledged an additional $370.6 million. The Group of Seven developed countries has pledged $175 million. That leaves an additional $100 million, according to The Wall Street Journal.

The EBRD said it is launching a fund drive in late April with hopes that countries other than the Group of Seven nations will step forward with funds.

Director of the bank's nuclear safety department Vince Novak says that until the build is completed, “we aren't safe.”

This video highlights the turn of events from 26 April 1986, when a planned test went awry, leading to the disaster, to the present day. You will see the 30,000 metric ton moveable dome, which is large enough to enclose Notre Dame and is predicted to confine the Chernobyl site for 100 years.