Tuesday, 17 June 2008
this economical costs of the TGD is so shocking!
Economical Costs:
Gorges area and launched official resettlement in 1993 when the construction of the 185-meter-high dam started on the middle reaches of China's longest river, the Yangtze.
On July this year, nearly 42.9 billion yuan (US$ 5.3 billion) had been earmarked for relocation expenses, construction and rebuilding various infrastructural facilities.
21 billion yuan (US$ 2.6 billion) of the total amount was raised by 21 Chinese provinces and municipalities, more than10 large and medium-sized cities, and more than 50 government departments.
At a cost of 203.9 billion yuan (about US$ 25.2 billion), the Three Gorges Project, scheduled for completion in 2009, is designed to help control flooding of the Yangtze River, at the same time generating hydroelectricity to meet China's power supply demands.
China has injected an additional 121.6 billion yuan (US$ 14.9 billion) to the project so far, accounting for about 60 percent of the initial budget, according to CTGPC. But the plan is to keep costs within the 180 billion yuan (over US$ 22 billion) mark.
However, in the long run, these expenses will be considered well used as no more capital will need to be posted to the Yangtze River as there would be no more floods after the completion of the TGD.
;2:30:00 am
