The Man Booker International Prize, the prestigious literary award, is to create a new award to recognise the contribution that translators make in bringing fiction to a worldwide audience. The new award will follow shortly after the announcement of the inaugural Man Booker International Prize in June 2005. The International Prize is worth £60,000 to the winning author, and seeks to recognise a writer for their achievement in fiction. It will be awarded every two years, with the first award to be made in Edinburgh. There are 18 nominees for the International award, and many of these have had their works translated into English. This makes them eligible also for the new translators award, which will be worth £15,000 for the translator. The prize will be awarded to the author, who will then decide how to distribute the prize money if more than one person was involved in the translation.