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World

Fukushima cleanup cost estimated at $180 bln

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Opening sequence

World

Fukushima cleanup cost estimated at $180 bln

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COMING UP:Fukushima cleanup cost estimated at $180 bln

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Transcript

00:00:02
>> Five years on, the financial fall out from Japan's nuclear crisis continue to snowball. Local media on Sunday reporting that officials have nearly doubled the estimated cost of cleaning up the crippled Fukushima Daiichi nuclear plant. Their latest guess, nearly $180 billion. The Nikkei newspaper says, the swelling cost points to a growing number of people who are due compensation, as the extent of the disaster becomes clear.
00:00:28
The cost of decontaminating the soil and water around Fukushima is also rising, estimates jumping up by several billion. For the Japanese public, it means pricier power as electric companies raise rates to urgently scrape funds together. The Fukushima Earthquake was the strongest ever recorded in Japan, and set off the worst nuclear crisis since Chernobyl.
00:00:49
Fully decommissioning the site is expected to take 30 to 40 years.