FAIR meaning in Academic & Science ?

Answer:

What is Facility for Antiproton and Ion Research mean?

The Facility for Antiproton and Ion Research (FAIR) is an international accelerator facility under construction which will use antiprotons and ions to perform research in the fields of: nuclear, hadron and particle physics, atomic and anti-matter physics, high density plasma physics, and applications in condensed matter physics, biology and the bio-medical sciences. It is situated in Darmstadt in Germany.

FAIR will be based upon an expansion of the GSI Helmholtz Centre for Heavy Ion Research, the details of which have been laid out in the FAIR Baseline Technical Report 2006. On October 4, 2010 the Facility for Antiproton and Ion Research in Europe limited liability company (German GmbH), abbreviated as FAIR GmbH, was founded which coordinates the construction of the new accelerators and experiments.

The construction begun at summer of 2017. Commissioning is planned for 2025. The original budget had been estimated at 1262 million euro (2005 price level), in 2018 the German Federal Court of Auditors stated that the cost of FAIR had increased to at least 1669 million euro (2005 prices), in 2019 a further report by the Federal Court of Auditors quoted results from a review board that an additional 850 million euro (2019 prices) would be needed to finish building the facility.

reference

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