Bolivia, Russia ink deal on USD 300 mn nuclear research lab

Russia and Bolivia have signed an intergovernmental cooperation agreement to build a nuclear research and technology center.

La Paz (Bolivia): Bolivia signed a USD 300 million deal with Russia to build a world-class nuclear research lab in the South American nation, President Evo Morales announced.

"Now we are able to deliver major cooperative projects in this case with Russia as well as with China and Europe sometimes," the president said at a ceremony signing documents for the deal yesterday.

"How nice that some partners come here with investment and cooperation not just aggression and provocation," Morales said in an apparent jab at the Unites States, which he often accuses of undermining efforts of his leftist government.

Work on the Russian technology plant in El Alto, next to the capital, is expected to take four years.

It is due to include components on medical research, food safety and nuclear research "with non-violent ends."

A new state agency will be in charge of the lab project.