Fukushima Radiation Cleanup May Take 3 More Years, Kyodo Reports

Japan’s government may extend its decontamination work near the Fukushima Dai-Ichi nuclear plant by up to three years, Kyodo News reported yesterday, citing unidentified government officials.

Radiation cleanup work in 11 areas in Fukushima Prefecture was scheduled to be completed by March 31 under a government plan announced in January last year, according to Kyodo. The environment ministry expects a delay in the project to the year beginning April 2016 amid opposition from locals to the setup of temporary storage facilities, Kyodo said.

A record earthquake and tsunami in March 2011 wrecked the nuclear plant run by Tokyo Electric Power Co. (9501), causing radioactive leaks that forced the evacuation of about 160,000 people. The government said last week it will assume decontamination costs from the Fukushima nuclear meltdowns in order to accelerate the rebuilding of the region.

Decontamination costs near the Fukushima site, 150 miles (240 kilometers) north of Tokyo, are estimated at about 2.5 trillion yen ($24 billion), the government’s Nuclear Emergency Response Headquarters said in a statement Dec. 20. The government plans to recover the costs through a sale of its shares in Tepco.

The environment ministry will release a revised schedule for the cleanup work soon, according to Kyodo.

To contact the reporter on this story: Marco Lui in Tokyo at mlui11@bloomberg.net

To contact the editor responsible for this story: Gearoid Reidy at greidy1@bloomberg.net

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