Subscribe options

Select your newsletters:


Please enter your email address:

@

News & Media

Latest ITER Newsline

  • Men of measure

    'Neither snow nor rain nor heat nor gloom of night stays these couriers from the swift completion of their appointed rounds.' [From the Greek historian Herodotu [...]

    Read more

  • The end of a nine-year journey

    In December, as toroidal field conductor unit length #133 came off the production line, the ITER community celebrated a major milestone—the end of a nine-year p [...]

    Read more

  • The little coupler that could

    Concrete and steel met at the end of the 19th century, never to part again. From their encounter a new material was born that revolutionized construction techni [...]

    Read more

  • The radio power house

    The steel structurethat's being erected against the northeast side of the Assembly Hall is for a large building that will be densely packed with power supplies [...]

    Read more

  • Spaceport ITER

    At nightfall, when buildings, work areas, roads and parking lots light up, the ITER site looks like an alien spaceport. Drenched in the yellow glow of sodium l [...]

    Read more

Of Interest

See archived articles

Money talks

-Krista Dulon

''The ITER Organization is spending taxpayers' money and has to maintain a high level of efficiency, economy and integrity for all its expenditures.'' - Hans Spoor, Head of ITER Finance & Budget. (Click to view larger version...)
''The ITER Organization is spending taxpayers' money and has to maintain a high level of efficiency, economy and integrity for all its expenditures.'' - Hans Spoor, Head of ITER Finance & Budget.
Why was it necessary to invent the ITER Unit of Account, or IUA? What is the difference between the planned value of ITER and its actual cost? Does ITER earn interest on the funds it holds, and - if so -where does this money go?

Hans Spoor, Head of Finance & Budget, addressed these questions and more at this week's Inside ITER seminar. Entitled "Everything you wanted to know but were afraid to ask about ITER finances", the audience was introduced to the specificities of ITER financing by its Members, budget planning and procedures, and principles of ITER accounting.

ITER Construction will be managed within an agreed capped ceiling of 4700 kIUA. "Converted to euros at 2010 conversion rates (1 IUA = 1,552.24 euros), that's EUR 7.3 billion," demonstrated Hans. "ITER Construction costs are equivalent to less than 20 euro cents/year for the inhabitants of the ITER Member countries."


return to the latest published articles