Value Determination of a Local Development Fund in Dessel

08.25
From 2008 to 2010
NIRAS (Nationale Instelling voor Radioactief Afval en verrijkte Splijtstoffen) is planning the construction of a new storage for low radioactive nuclear waste in the municipality of Dessel. Via the partnerships STORA and MONA, the municipalities Dessel and Mol have imposed a number of additional conditions to preserve the quality of life of the local population. One of these conditions is creating a fund for local development, which serves as a compensation for the possible inconveniences caused by the site.

In order to evaluate a specific scenario (here the development of the nuclear waste facility), a comparison with another scenario is necessary. As the first stage of the project, the situation with and without storage (do-nothing-scenario) was described, thus assuming an optimum, but still realistic development in the period 2008-2058. The development of an SME zone on the site intended for the storage was taken as an optimum for the situation without storage. An option where this area would become a residential area has been examined as well, but this appeared to result in no higher appreciation.
Then TML looked at the possible methods to reach an appreciation. The conclusion was that ideally all effects should be listed because of feasibility and transparency.
The identified effects are, in order of importance:

- Reduction of distance to work for inhabitants of Mol and Dessel by creating jobs nearby
- Loss of municipality taxes
- Health effects
- Congestion and infrastructure costs
The last 2 effects represent no more than 2% of the total. It has been considered to include subjective effects, but no indication was found of their presence.
TML also looked at more realistic development scenarios, from which it appeared that the chance that the presence of the storage facility produces an advantage for the municipalities is larger than vice-versa. The objective however was a calculation of maximized minimum-compensation, as a result of which the scenario choice has been carried out.

In a second part of the study, it has been discussed how one could build up the capital of the fund for local development, with discussion of the risks for fund administrators and sponsors.

Period

From 2008 to 2010

Client

Nationale Instelling voor Radioactief Afval en verrijkte Splijtstoffen (NIRAS)

Partner

Stef Proost (KU Leuven)

Our team

Tim Breemersch
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