Subscribe options

Select your newsletters:


Please enter your email address:

@

News & Media

Latest ITER Newsline

  • Summer postcards from the ITER worksite

    The latest harvest of ITER construction photos may be taken from the same point—the tallest crane on site—but there is always an abundance of new detail to be g [...]

    Read more

  • The ring fortress

    ITER'ssteel-and-concretebioshield has become the definingfeature of Tokamak Complex construction. Twolevels only remain to be poured (out of six). It is a 'rin [...]

    Read more

  • The wave factory

    A year ago, work was just beginning on the steel reinforcement for the building's foundation slab. The Radio Frequency Heating Building is now nearing the last [...]

    Read more

  • It's all happening inside

    Since the giant poster was added to the Assembly Hall's completed exterior in June 2016 the building has lookedfrom afar like a finished project. Butinside, tea [...]

    Read more

  • Along skid row

    They look like perfectly aligned emergency housing units. But of course they're not: the 18 concrete structures in the ITER cryoplant are massive pads that will [...]

    Read more

Of Interest

See archived articles

MAC develops guidelines for additional direct investment

-Sabina Griffith

Additional direct investments were the focus of the 10th meeting of the ITER Management Advisory Committee (MAC). (Click to view larger version...)
Additional direct investments were the focus of the 10th meeting of the ITER Management Advisory Committee (MAC).
At its 10th meeting held on 26-27 January 2011, the ITER Management Advisory Committee (MAC) looked at a detailed analysis of additional direct investments that had been performed by the ITER Organization and the seven Domestic Agencies in response to the request from the ITER Council at its seventh meeting in November (IC-7).
 
These additional investments are the items deemed essential for the operation of the ITER machine, but that are not presently part of the ITER Baseline.

The Baseline that describes the scope, schedule and cost for the construction phase of the ITER Project was approved by the extraordinary ITER Council in July last year.

The total value of the project's construction costs was capped at 4,700 kIUA*, including a contingency of 115.3 kIUA. It was agreed that any additional necessary resources were to be made available within this capped value.
 
Take a break, have a chat: ITER Director-General Osamu Motojima and members of the MAC taking the discussion off-line. (Click to view larger version...)
Take a break, have a chat: ITER Director-General Osamu Motojima and members of the MAC taking the discussion off-line.
During its meeting, the MAC developed guidelines that will be used to evaluate the allocation of responsibilities and credit values associated with additional direct investment based on the capped ceiling. Following these guidelines, future risks will now be accounted for.

MAC encouraged the ITER Organization to continue pursuing reduction in the overall cost of the ITER Project and efforts to accelerate its schedule.

* ITER Units of Account (IUAs) are the ITER "currency," a very unique feature of the ITER Project based on the principle of procurement sharing. Instead of contributing cash to the project, the Members will provide "in-kind" contributions; all of the components of the ITER facility will be built by the seven ITER Members and delivered to the ITER site in France. The IUA was devised in order to measure the value of in-kind contributions consistently over time, and neutralize market fluctuations.


return to the latest published articles