Work on the most expensive federal construction project in Tennessee history is slated to begin soon.
Contracts for construction and equipment for the $6.5 billion uranium processing facility at Y-12 was the topic of a meeting on Monday in Oak Ridge. Government leaders, contractors, and the managers of the proposed facility talked about how Tennessee can benefit economically even beyond the construction phase.
Y-12, TVA, and the state of Tennessee entered into an agreement to make sure that the state gets the most benefit from the federal spending.
"Our job today is to get as many Tennessee companies aggregated and ready to participate in this so as much Tennessee value added as we can is provided to this project. That's going to translate into significant jobs, significant opportunities for Tennessee companies," said ECD Commissioner Bill Hagerty.
Contracts to ready the site for construction are underway. It's expected to take at least 10 years to build the facility.