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NCE Live News Updates: Tuesday 3 September: Oakland Bay Bridge set to open

Engineers in the US are preparing San Fransisco’s Oakland Bay Bridge for opening; plan for Fukushima revealed.

2pm: The Japanese government has revealed plans to spend 47bn yen (£300M) to deal with mounting amounts of radioactive water at Tokyo Electric Power Co’s damaged Fukushima nuclear power plant.

Fukushima:Confidence in Tokyo Electric has been damaged

Fukushima:Confidence in Tokyo Electric has been damaged

The government will spend £200M on ground freezing around damaged reactors to prevent groundwater entering basements and mixing with water being used to cool melted fuel rods, industry minister Toshimitsu Motegi told a press conference today.

A further £100M will be spent on upgrading water treatment systems to reduce the amount of contaminated water that is building up at the site and threatening to overwhelm clean up efforts after the worst nuclear crisis since Chernobyl in 1986.

Tokyo Electric, known as Tepco, said on Monday it found another spike in radiation levels near a contaminated water tank at the plant, which was destroyed by a massive earthquake and tsunami in March 2011.

Tepco is rushing to contain contaminated water that continues to increase at a rate of 400t, with floods of groundwater mixing with highly radioactive water that is constantly poured over the destroyed reactors to keep melted fuel rods cool.

The utility said last month that as much as 300t of highly radioactive water had leaked from another tank.

10am: How much do you earn?

The ICE is asking all employed members in the UK, Australia, Hong Kong, New Zealand and the United Arab Emirates to take part in the 2013 ICE Salary Survey to help it get a picture of pay and benefits in the industry.

The results of this survey will be available to members in early November. As well as comprehensive information about salaries contained in the report, members will also be able to use online salary calculator to benchmark their salary against other members in similar roles. Independent market research agency Triment RBS has been commissioned to conduct the survey. Members can do the survey online any time from tomorrow until midnight 18 September. Eligible members should have received an email from the ICE directly. If you have any queries, email

9.30am: More good news from the US overnight where workers are putting the finishing touches on the final span of the new San Francisco-Oakland Bay Bridge ahead of opening tomorrow.

Workers touching up paint on Oakland Bay Bridge

Workers touching up paint on Oakland Bay Bridge

When traffic flows across the new eastern part of the bridge for the first time, it will do so nearly 25 years after the 6.9-magnitude Loma Prieta earthquake collapsed two 16m long sections of the old structure. The $6.4bn (£4.1bn) project to replace the quake-vulnerable structure with a quake-resistant self-anchored suspension bridge has become one of the most expensive public works projects in California’s history. The self-anchored suspension bridge, which has a looming, single white tower, is designed to last 150 years and withstand the strongest earthquake estimated by seismologists to occur at the site over a 1,500-year period.

9am: Positive start to the morning, with news that WYG expects profits to be well ahead of expectations after a strong start to the year. The consultant has said that the UK government’s decision to invest in major infrastructure projects is beginning to have a positive effect on its business in a trading statement covering the six months ending 30 September.

WYG chief executive Paul Hamer

WYG chief executive Paul Hamer

Chief executive Paul Hamer said the firm had had a “good, strong start to the year” as a result, with “encouraging” progress in both its UK and overseas markets. As a result of this increased activity, revenues to date have shown a modest increase compared with the same period last year, reversing the negative trend of recent years.

The firm had already said in a June update that it anticipated that the profit outturn for the current year would be higher than market expectations at that time. In light of the positive recent trading, the firm said was now “pleased to confirm” that it expects the outturn to further exceed those expectations.

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