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The People's Media Agency/人民媒社/인민미디어대행사/ピープルズメディアエージェンシー/Агентство народных СМИ

SIRC surplus to be reinvested into Board of Works, Project 001

KUM CITY — The Executive Committee of the Supreme Soviet has authorised the disbursal of $105 billion USD from its budgetary surplus to find Project 001, a Megaproject that would involve the construction of $960 billion USD worth's of nuclear reactors over a 12 year span.

The $105 billion USD surplus comes as a result of the recent Sovereign Investment Return Contributions (SIRC) system, which would boost the Federal coffers by over $80 billion USD. The influx of capital with nowhere to go has led to some questions by the two branches of legislature, who convened to decide on a course of action. At the end, they decided to reinvest the SIRC contribution, along with a pre-existing budgetary surplus for the fourth fiscal year, towards Project 001. However, this appears to be a one-off reinvestment due to 'unusual economic circumstances' - usually, cumulative net returns measure at around 6 to 7% contrary to recent observations.

Project 001 is the first Megaproject of the FEUSSR, undertaken as part of the country's First Five Year Plan. It involves the construction of 80 nuclear reactors over the next 12* years to diversify the Union's energy mix as a long-term energy generation plan. Additionally, shuttered coal plants would be converted into public housing, schools, parks, and hospitals - that list has since been expanded to include office buildings, shopping malls, private land leases, elderly care centers, as well as state-run department stores, costing the Federal Government around $960 billion USD over the next 12 years (624 RL days), and increasing nuclear energy's share within the FEUSSR by 89.96 GW. Its high capital requirements was what spurred the move to disburse the additional funding, which would increase total government expenditure on the project to $425 billion USD over the past four years. Out of that, a significant chunk of funding comes from local governments, SSR governments, and other sources.

^{* OOC: the original post reads as "80 nuclear reactors over the next 4 years". This is a typo - it should be over 12 years.}