A preliminary conceptual design of a Direct Use of spent Pressurized water reactor (PWR) fuel In Canada deuterium uranium (CANDU) reactors (DUPIC) fuel fabrication plant was studied, which annually converts spent PWR fuel of 400 tonnes heavy element (HE) into CANDU fuel. The capital and operating costs were estimated from the viewpoint of conceptual design. Assuming that the annual discount rate is 5% during the construction (5 yr) and operation period (40 yr) and contingency is 25% of the capital cost, the levelized unit cost (LUC) of DUPIC fuel fabrication was estimated to be 616 $/kg HE, which is mostly governed by annual operation and maintenance costs that correspond to 63% of LUC. Among the operation and maintenance cost components being considered, the waste disposal cost has the dominant effect on LUC (~49%). From sensitivity analyses of production capacity, discount rate, and contingency, it was found that the production capacity of the plant is the major parameter that affects the LUC.