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Multinational fusion reactor facing 5bn euro cost overrun

TOKYO -- Construction costs for a multinational experimental nuclear fusion reactor will likely exceed the estimate by 5 billion euros ($5.52 billion) to reach 20 billion euros, owing to rising labor expenses, the project's chief told The Nikkei.

The International Thermonuclear Experimental Reactor, or ITER, is being built in Cadarache in southern France by partners that include the U.S., Japan and Europe. The project aims to replicate a nuclear fusion process similar to that of the sun to create a new clean energy source.

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