During the last two decades, RIB has allowed the investigation of a new territory of nuclei with extreme N/Z called “terra incognita”. Due to technical limitations, existing facilities were able to cover some part of the light mass region of this “terra incognita”. The main goal of SPIRAL2 is clearly to extend our knowledge of the limit of existence and the structure of nuclei deeply in the medium and heavy mass region (A=60 to 140) which is to day an almost unexplored continent. SPIRAL2 is based on a high power, CW, superconducting driver LINAC, delivering 5 mA of deuteron beams at 40 MeV (200 KW) directed on a C converter+ Uranium target and producing therefore more 10¹³ fissions/s. The expected radioactive beams intensities for exotic species in the mass range from A=60 to A=140, of the order of 10⁶ to 10¹⁰ pps will surpass by two orders of magnitude any existing facilities in the world. These unstable atoms will be available at energies between few keV/n to 15 MeV/n. The same driver will accelerate high intensity (100 μA to 1 mA), heavier ions up to Ar at 14 MeV/n producing also proton-rich exotic nuclei. In applied areas SPIRAL2 is considered as a powerful variable energy neutron source, a must to study the impact of nuclear fission and fusion on materials. The intensities of these unstable species are excellent opportunities for new tracers and diagnostics either for solid state, material or for radiobiological science and medicine. The “Go” decision has been taken in May 2005. The investments and personnel costs amount to 190 M euro, for the construction period 2006-2012. The project group has been completed in 2006, the construction of the accelerator started in the beginning of 2007 whereas detail design of the RIB production processes are underway. Construction of the SPIRAL2 facility is shared by ten French laboratories and a network of international partners. Under the 7FP program of European Union called “Preparatory phase for the construction of new facilities”, the SPIRAL2 project has been granted a budget of about 4 M euro to build up an international consortium around this new venture. Regarding the future physics program a call for Letter of intents has been launched in Oct 2006. A very positive and enthusiastic response is the basis of new large international collaborations. Proposals for innovative new instrumentation and methods for the for SPIRAL2 facility are being examined by an International Scientific Advisory Committee. The status of the construction of SPIRAL2 accelerator and technical R&D programs for physics instrumentation (detectors, spectrometers) in collaboration with EU and International partners will be presented.