from a Regional Economic Development for Eastern Idaho new release
IDAHO FALLS, IDAHO – December 19, 2016 -- Eastern Idaho will be home to a new $1.65 billion Naval Reactors Facility (NRF) facility to handle fuel waste from the U.S. fleet of nuclear-powered warships, according to the U.S. Navy and U.S. Department of Energy.
The NRF will be located at the Naval Reactors facility on the Energy Department’s southeastern Idaho site, also site of the Idaho National Laboratory – the country’s premier nuclear research laboratory. Officials say the new facility will operate through 2060 and can handle new type of spent-fuel shipping container which is currently not possible at its current facility.*
“The impact of this new site on the local and statewide economy will be significant,” said Hope Morrow, eastern Idaho economist with the Idaho Department of Labor. “An estimated 360 construction jobs will be needed to support the $500 million construction phase. And an additional 170 indirect and induced jobs will be created as a result of this project, impacting the region’s GDP growth over $35 million,” she said.
Site prep work will begin in 2017 with main construction beginning in 2019 to meet an operating date of late 2024. According to federal officials, the new facility is needed to maintain deployment of nuclear powered carriers and submarines.
“The fruition of this project will have an immense economic impact on our regional economy,” said Jan Rogers, CEO of Regional Economic Development for Eastern Idaho (REDI). “The future impact of this facility, including improving the longevity and efficiency of nuclear fuel handling and expanding future production capabilities, this project will drive more business growth in our region while expanding our talent base,” she said.