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Sunday, November 30, 2014
MoD orders review into spiralling cost of Project Pegasus nuclear plant
Atomic Weapons Establishment, Aldermaston, Berkshire, United Kingdom
The Ministry of Defence has ordered a review into the costs and construction timetable of a highly sensitive manufacturing plant that will enrich uranium for Trident nuclear missiles, amid fears the budget had spiralled out of control.
Project Pegasus, a £634m facility to be built at the Atomic Weapons Establishment (AWE) in Berkshire, is said to be struggling over costs and scheduling. The MoD had said that Pegasus would be completed between 2016 and 2020.
The AWE, which manufactures and maintains Britain's nuclear deterrent, and the MoD played down the review, but a senior nuclear industry source said it was "extremely serious". The source added: "Certainly, this is an issue that is going to run and run – and, don't forget, the Government has a golden share, meaning it can re-procure the contract."
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