Investigators Need $160 Million to Verify Iran’s Nuclear Accord

Monitoring Iran’s nuclear accord with world powers will require 138 million euros ($160 million) for investigators over 15 years, the International Atomic Energy Agency said on Tuesday in a report.

About 6.2 million euros a year will be needed to verify Iran’s nuclear commitments under the deal, IAEA director general Yukiya Amano told the agency’s 35-member board of governors in Vienna. Another 3 million euros will go toward enforcing tighter monitoring under the so-called “Additional Protocol,” according to IAEA documents.

“There is now a historic opportunity to resolve the Iran nuclear issue,” Amano said. The extra funds will enable “a very robust verification mechanism in Iran.”

Under the July 14 agreement, IAEA investigators will get better access to Iranian uranium mines and mills as well as continuous surveillance of centrifuge manufacturing and storage locations. The IAEA will issue a report by Dec. 15 that will assess the possible military dimensions of Iran’s nuclear past.

U.S. Congressional opponents of the deal with Iran have threatened to cut off IAEA financing unless they receive confidential details of the agreements between the agency and Iran.

The accord seeks to curb Iran’s nuclear program in return for easing international economic and trade sanctions.

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