The Federal and Victorian Governments have announced nearly $100 million in joint funding initiative to keep the Melbourne based Australian Synchrotron running for the next four years.


Under a memorandum of understanding (MoU) to be signed in the coming hours, the Federal Government will contribute $69 million, while the Victorian Government will contribute $26 million to the project.


The future of the research facility was thrown into doubt when the Federal Government and incoming Liberal Government refused to confirm funding in either of their budgets.


Federal Science Minister Senator Chris Evans said the funding will allow the facility to continue its cutting edge experimental research.


“Without this funding deal, the ongoing operation of the facility was in doubt, jeopardising important research here in Australia,” Senator Evans said