It’s official – Atomic Energy of Canada Ltd will once again reach new heights in federal funding for the coming year.
AECL will receive more $1.2 billion in federal funding next year, to support both decommissioning and development at the Chalk River Laboratories, according to the federal government’s main spending estimates, published Thursday.
Total funding for AECL will be $1.254 billion for the fiscal year 2020-21, which begins April 1.
The funding is broken down into two components: $837 million for “nuclear decommissioning and radioactive waste management” and $416.9 million for “nuclear laboratories.”
The money allocated to the laboratories includes $231.9 million in operating funding and $185 million for capital projects.
“The mandate of Atomic Energy Canada Limited (AECL) is to enable nuclear science and technology and manage the government of Canada’s radioactive waste and decommissioning responsibilities,” the estimates document says.
This is the fifth year in a row that funding for AECL, CNL and Chalk River has reached unprecedented levels.
According to the company’s five-year corporate plan, funding will begin to go down next year, falling to half the current level by 2023-24 as major construction and decommissioning projects wind down.
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