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Should it be breached the facility will be pulled altogether.
The facility will be used by the company for general working capital purposes.
The principal amount of the facility will be reduced to $250 million, Mr. Keyes said.
"They are happy with the idea that the facility will be open again," he said.
The facility will be able to accommodate up to 600 scientists when it is completed.
The facility will be constructed near the existing Giants Stadium and is scheduled to open in 2010.
The facility will be located in Greenburgh, N.Y., in Westchester County, and will be completed by the 2002-3 season.
Before construction of a geological repository can even be considered, an environmental safety case must be developed that proves the facility will be safe over millions of years".
The emissions from the facility will be constantly monitored by the Environment Agency and will in no way compromise local air quality standards.
Under the deal, the facility will be based in Luxembourg and will use government guarantees to raise funds for countries at risk.
Officials say the facility will be open for business in 2017.But Harry Reid, a senator from Nevada, has vowed to derail the scheme.
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