1.82 billion US Dollars to Be Invested for Three Gorges Project in 2002

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Last updated at: (Beijing Time) Tuesday, February 05, 2002

1.82 billion US Dollars to Be Invested for Three Gorges Project in 2002

A total of 15.1 billion yuan (US$1.82 billion) will be spent on constructing the mammoth dam near the Three Gorges on the middle reaches of the Yangtze River this year. Installing metallic structures and debugging electronic products and machinery will be the most important task this year

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Largest Investment so far

This sum is the largest investment since construction of the water control project started ten years ago, said an official with the China Yangtze River Three Gorges Project Development Corporation.

According to the official, 8.7 billion yuan (US$1.05 billion) of this investment will be used for the relocation of more residents from the site of the Three Gorges project or the reservoir area.

More than 73 billion yuan (US$8.8 billion) has already been spent on the Three Gorges Project since the project was launched in 1993. The entire project, located near Yichang in central China's Hubei Province, is estimated to cost a total of 180 billion yuan (US$21.69 billion) and will be finished in 17 years.

Important Task in 2002

Installing metallic structures and debugging electronic products and machinery will be the most important task this year, said the official, who added that workers would also need to pour 1.4 million cu m of concrete in the new year, 2.6 million cu m less than last year.

About the Project

Water storage at the Three Gorges will begin in 2003, when the first group of generating units and the permanent ship lock will be put into operation.

The project consists of a 1,983-meter-long and 185-meter-high dam and 26 generating units with a combined capacity of 18.2 million kw and an annual output of 84.7 billion kwh. The permanent ship lock can accommodate ships of 10,000 dwt.

Three Gorges Project Construction Schedule for 2002

Damming of the man-made canal specially built to facilitate the passing of Yangtze River water will be one of the six major tasks scheduled for completion this year as part of a mammoth water control dam near the Three Gorges on the middle reaches of the Yangtze.

The other five tasks include removing the cofferdam upstream in May, installing the permanent ship lock and related systems in June, putting the permanent ship lock into trial operation in July before water flows in, removing the cofferdam downstream in September, and putting the ship lock into trial operation at the end of the year after water flows in.

More About Three Gorges Project

Water storage at the Three Gorges will begin in 2003, when the first group of generating units and the permanent ship lock will be put into operation, said an executive with the China Yangtze River Three Gorges Project Development Corporation.

Construction on the world's largest hydropower project, located near Yichang in central China's Hubei Province, began in 1993 with estimated static investment of 50.09 billion yuan (about 6.04 billion U.S. dollars), upon completion in 2009.

The project consists of a 1,983-meter-long and 185-meter-high dam and 26 generating units with a combined capacity of 18.2 million kw and an annual output of 84.7 billion kwh. The permanent ship lock can accommodate ships with total 10,000 dwt.

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