Cost, Time of Three Gorges Project Tightly Limited

Home>>China

Last updated at: (Beijing Time) Wednesday, November 06, 2002

Cost, Time of Three Gorges Project Tightly Limited

The giant Three Gorges Project has succeeded in staying within budget and time limit, said a senior manager with the China Yangtze River Three Gorges Project Development Corporation on Tuesday.

DISCUSSION

CHINESE

SEND TO FRIEND

The giant Three Gorges Project has succeeded in staying within budget and time limit, said a senior manager with the China Yangtze River Three Gorges Project Development Corporation on Tuesday.

Li Yong'an said many massive infrastructure projects in China in the 1970s had suffered from overspending and time overruns due to the weak economy and poor management.

The Three Gorges Project has been carrying out in a more market-oriented manner and has the advantage of enough funding from the government, he said.

Li also attributed the effective control to scientific management and profit orientation.

He said, "The total investment will probably cut 20 billion yuan (2.4 billion US dollars) from the budget."

The project on the world's third largest waterway, the Yangtze River, has so far received an investment of more than 40 billion yuan (4.8 billion US dollars).

Questions?Comments? Click here

Three Gorges Project Estimated at a RMB$180Bn Less Cost

>> Full Coverage

China to Launch Fourth Unmanned Spacecraft ( 5 Messages)

Traditional Chinese Medicine Grabs World Attention ( 3 Messages)

Lured by Black Gold-Oil-- under Anti-Terrorism Banner ( 31 Messages)

China to Further Open Aviation, Aerospace Industries ( 2 Messages)

Foreigners Enjoy Fair Treatment, Prices as China Opens Up ( 3 Messages)