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Last updated at: (Beijing Time) Friday, January 11, 2002

Three Gorges Project So Far Costs 70 Billion Yuan

The nine-year construction of the Three Gorges Project on the China's longest Yangtze River has so far cost a total of 70 billion yuan. The world's largest hydropower project started in 1993 and will be completed by 2009.
Based on current construction performance, price and interest rates, the total investment of the project will be no more than 180 billion yuan (21.7 billion U.S. dollars).


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According to China Yangtze Three Gorges Project Development Co., the nine-year construction of the Three Gorges Project on the China's longest Yangtze River has so far cost a total of 70 billion yuan (8.4 billion U.S. dollars).

Work on the project in Yichang, in central China's Hubei Province, is to cost an estimated investment of 203.9 billion yuan (about 24.6 billion U.S. dollars), according to company sources.

Based on current construction performance, price and interest rates, and in case no major policy changes and economic spirals take place, the total investment of the project will be no more than 180 billion yuan (21.7 billion U.S. dollars), according to the sources.

The world's largest hydropower project started in 1993 and will be completed by 2009.



Sound Financial Backing Ensured for Three Gorges Project

  • Government Funding


    • By March of 2001, the hydropower project has received 29.8 billion yuan (about US$3.6 billion) in government funding, since it officially started in 1993. The Chinese government also amassed 61.7 billion yuan from the capital market for the gigantic hydropower project, of which some 31.9 billion yuan was secured in the form of bank loans, bonds and export credit.

  • Interest-free Financial


    • The Three Gorges project has two interest-free financial sources that consist of profits from the operational Gezhouba Power Plant and levies from increased national hydroelectric prices.



    		    Advanced

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