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Bolivia Agrees $300 mln Nuclear Complex with Russia’s Rosatom

Bolivia's President Evo Morales speaks during a news conference at the presidential palace in La Paz, Bolivia, February 24, 2016. Morales has accepted defeat in a referendum which aimed to change the constitution to allow him to run for another term, according to local media. REUTERS/Bolivian Presidency/Handout via ReutersATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. FOR EDITORIAL USE ONLY. NOT FOR SALE FOR MARKETING OR ADVERTISING CAMPAIGNS. THIS PICTURE IS DISTRIBUTED EXACTLY AS RECEIVED BY REUTERS, AS A SERVICE TO CLIENTS TPX IMAGES OF THE DAY

LA PAZ – Bolivia and Russia’s state-owned atomic energy corporation Rosatom said on Sunday they had signed a provisional agreement for the construction of $300 million nuclear complex in the Andean nation.

Under the terms of the accord, which needs to be approved by Bolivia’s Congress, Rosatom will help Bolivia develop infrastructure for its embryonic nuclear program.

The center will include a research reactor, a cyclotron for radiopharmaceuticals and a multi-purpose gamma irradiation plant. Opposition politicians have criticized the project over fears of environmental risks.

President Evo Morales urged Bolivia’s Congress to greenlight the deal within two weeks. The complex will be built in El Alto, a satellite city on the outskirts of La Paz.

Our brother President Vladimir Putin has promised me the transfer of Russian know-how and technology.”

-Bolivian President Evo Morales.