Forum for Science, Industry and Business

Sponsored by:     3M 
Search our Site:

 

EIB lends Eur 300 million for CERN’s Major Collider

19.12.2002


The European Investment Bank (EIB) is lending EUR 300 million to finance the final phase of construction of the Large Hadron Collider (LHC) at CERN, the European Organization for Nuclear Research. The loan will also help to finance the instrumentation to record and analyse the high-energy particle collisions at the LHC. A loan to enable construction of this major project was foreseen by CERN’s governing Council when it approved the LHC in 1996.

The EIB, the European Union’s long term financing institution, is supporting the project as it promotes EU policies for European Research & Development (R&D) and the dissemination of innovation. The EIB, as the EU’s policy driven bank, is committed to supporting European R&D with innovative financing. Recently, the EIB widened its scope for R&D financing to include large research infrastructure projects such as the CERN LHC project. In conjunction with the European Commission, the EIB is ready to finance the development of EU Advanced Technological Research and to implement the Sixth Research Framework Programme on R&D, which was launched last month in Brussels. The European Commission is in charge of implementing this EUR 17.5 billion Programme.

CERN’s Large Hadron Collider provides physicists with an unrivalled high-tech tool to study fundamental physics. It will enable the European Union to maintain its leading role in fundamental research in the field of particle physics. Although its raison d’être is essentially scientific, there are also important knock-on benefits for European high-tech industries. With the largest set of interconnected accelerators in the world, CERN is contributing to the “knowledge society” by providing a competitive working environment for direct research and the training of hundreds of top scientists and engineers each year.



CERN, the world’s leading particle physics research laboratory, is an international organization founded in 1954 by 12 European countries. It is a non-profit-making institution dedicated purely to fundamental research. In CERN today, 20 European states collaborate together with its observers (including Japan, the USA, the Russian Federation, Israel, UNESCO and the European Commission) as well as with numerous scientific institutions and industries worldwide in research into the fundamental laws of nature.

Mr Philippe Maystadt, EIB president, said: “With this loan, the EIB is helping to build a unique European research programme that is crucial to ensuring that Europe keeps the lead in fundamental and particle physics research. CERN provides the means to exploit new ideas and discoveries leading to important new applications. The added value of EIB’s support for the CERN project fits into the long term involvement of the Bank to mobilise collaborative funding streams in support of scientific excellence and international research cooperation.”

Prof. Luciano Maiani, Director General of CERN said: “The LHC is an extremely advanced facility that will keep Europe at the forefront of Particle Physics in the decades to come. It will produce new knowledge and is already stimulating important developments in technology transfer. The loan from the EIB underlines the European Union’s confidence in CERN, and is a powerful endorsement of Europe’s commitment to fundamental research at the highest level. ”

European Research Commissioner Mr Philippe Busquin said: “I welcome this initiative. The research institution the EU is helping contributes to Europe’s efforts to become a world-class leader in research and particle physics research. This funding method helps us to maintain this position, whilst at the same time providing valuable lessons in other fields. European science policy needs to go beyond the Framework Programme to successfully and efficiently mobilise various financial resources for science and technology.”

Christine Sutton | alfa

More articles from Physics and Astronomy:

nachricht Study offers new theoretical approach to describing non-equilibrium phase transitions
27.04.2017 | DOE/Argonne National Laboratory

nachricht SwRI-led team discovers lull in Mars' giant impact history
26.04.2017 | Southwest Research Institute

All articles from Physics and Astronomy >>>

The most recent press releases about innovation >>>

Die letzten 5 Focus-News des innovations-reports im Überblick:

Im Focus: Making lightweight construction suitable for series production

More and more automobile companies are focusing on body parts made of carbon fiber reinforced plastics (CFRP). However, manufacturing and repair costs must be further reduced in order to make CFRP more economical in use. Together with the Volkswagen AG and five other partners in the project HolQueSt 3D, the Laser Zentrum Hannover e.V. (LZH) has developed laser processes for the automatic trimming, drilling and repair of three-dimensional components.

Automated manufacturing processes are the basis for ultimately establishing the series production of CFRP components. In the project HolQueSt 3D, the LZH has...

Im Focus: Wonder material? Novel nanotube structure strengthens thin films for flexible electronics

Reflecting the structure of composites found in nature and the ancient world, researchers at the University of Illinois at Urbana-Champaign have synthesized thin carbon nanotube (CNT) textiles that exhibit both high electrical conductivity and a level of toughness that is about fifty times higher than copper films, currently used in electronics.

"The structural robustness of thin metal films has significant importance for the reliable operation of smart skin and flexible electronics including...

Im Focus: Deep inside Galaxy M87

The nearby, giant radio galaxy M87 hosts a supermassive black hole (BH) and is well-known for its bright jet dominating the spectrum over ten orders of magnitude in frequency. Due to its proximity, jet prominence, and the large black hole mass, M87 is the best laboratory for investigating the formation, acceleration, and collimation of relativistic jets. A research team led by Silke Britzen from the Max Planck Institute for Radio Astronomy in Bonn, Germany, has found strong indication for turbulent processes connecting the accretion disk and the jet of that galaxy providing insights into the longstanding problem of the origin of astrophysical jets.

Supermassive black holes form some of the most enigmatic phenomena in astrophysics. Their enormous energy output is supposed to be generated by the...

Im Focus: A Quantum Low Pass for Photons

Physicists in Garching observe novel quantum effect that limits the number of emitted photons.

The probability to find a certain number of photons inside a laser pulse usually corresponds to a classical distribution of independent events, the so-called...

Im Focus: Microprocessors based on a layer of just three atoms

Microprocessors based on atomically thin materials hold the promise of the evolution of traditional processors as well as new applications in the field of flexible electronics. Now, a TU Wien research team led by Thomas Müller has made a breakthrough in this field as part of an ongoing research project.

Two-dimensional materials, or 2D materials for short, are extremely versatile, although – or often more precisely because – they are made up of just one or a...

All Focus news of the innovation-report >>>

Anzeige

Anzeige

Event News

Fighting drug resistant tuberculosis – InfectoGnostics meets MYCO-NET² partners in Peru

28.04.2017 | Event News

Expert meeting “Health Business Connect” will connect international medical technology companies

20.04.2017 | Event News

Wenn der Computer das Gehirn austrickst

18.04.2017 | Event News

 
Latest News

Wireless power can drive tiny electronic devices in the GI tract

28.04.2017 | Medical Engineering

Ice cave in Transylvania yields window into region's past

28.04.2017 | Earth Sciences

Nose2Brain – Better Therapy for Multiple Sclerosis

28.04.2017 | Life Sciences

VideoLinks
B2B-VideoLinks
More VideoLinks >>>