CERN, the European Organization for Nuclear Research, is hosting an
international collaboration that develops scenarios for a new circular
particle-collider based research infrastructure, the Future Circular
Collider (FCC). Such a research infrastructure can also contribute to
scientific and technological progress in many other areas that will be
needed to construct and operate such a facility. Apart from science-
changing insights and technological developments, there are direct
economic benefits likely to arise from this project: the opportunities for
firms to contribute to the installation and
operation of this machine and the jobs that go along with these
opportunities.
The FCC is estimated to cost 12.1 billion CHF to construct and another
8.5 billion CHF to operate over its initial 15-year period. Using the
economic model ADAGIO, we estimate that this will be associated with a
cumulated 50 bn CHF of (world-wide) value added, in an average year
securing around 26,000 jobs. Apart from the economic effects linked
directly to the FCC itself, the host region will benefit from the cost-of-
living expenditures of up to 11,000 FCC-related personnel as well as
around 300,000 annual tourists expected to visit the largest machine ever
built.).