200 million Euro would cover the raw material cost of the HTS material of a medium-large (3m major radius) scale reactor.
You still need to work the HTS material into magnets, a vacuum vessel, turbo and mechanical pumps, lots of fittings and mechanical engineering work, gyrotrons and their high voltage supplies and all the engineering that goes with (including wave guides), neutral beam injection, two dozen diagnostic systems, coil power supply system, and all of the work that goes with cryogenics.
Edit: If this would be for a medium scale science machine then you would need divertor and first wall materials, as well as a decent cooling system if you want long pulse operation. If this is a power plant then you can ditch most diagnostics, make everything twice as large, add a breeding layer between the coil cryogenics and the vacuum vessel, add a tritium separation facility ($$$), and add a big ass heat exchange/steam turbine system. ITER is in between these two and is the first time it's ever been done, with all of the diagnostics and full D+T operation caked into the design. It's not surprising it costs 20 billion Euro and even then if it was a power plant it wouldn't be priced out of reasonability (~twice current electric costs). At what point do we say we just need to pay more for our energy and kick fossil fuels?