Embezzled Three Gorges Project Funds Recovered

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Last updated at: (Beijing Time) Wednesday, September 11, 2002

Embezzled Three Gorges Project Funds Recovered

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Since its launching in 1993, a total of 234 cases of corruption and embezzlement have been settled for the Three Gorges Project, the world's largest water control program in the middle reaches of the Yangtze River.

The cases involved 267 perpetrators and 42 million yuan, or 0.13 percent of the total funds China has appropriated for the mammoth water conservation project.

Most of the embezzled money has been recovered, said Guo Shuyan,director of the Three Gorges Project Construction Committee, at a press conference held Tuesday by the committee, the Ministry of Land and Resources and the State Administration of Cultural Relics.

Guo added that the embezzlers have been punished.

According to Guo, the Chinese government has established a management and supervision system for the project's construction funds. However, Guo said, the funds had to be appropriated from the central government to local governments level by level, thus leaving opportunities for embezzlers.

By the end of July this year, a total of 80.7 billion yuan (9.72 billion US dollars) had been pumped into the Three Gorges Project, including 42.9 billion yuan (5.17 billion US dollars) in the water control dam and 37.8 billion yuan (4.55 billion US dollars) in resettling residents from the dam area.

The Three Gorges Project is scheduled for completion in 2009.

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