China Invests Huge Funds to End Droughts and Floods

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Last updated at: (Beijing Time) Monday, January 06, 2003

China Invests Huge Funds to End Droughts and Floods

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The central government has invested178.6 billion yuan (22 billion US dollars) over the previous five years in water conservation projects said Minister of Water Resources Wang Shucheng at a national water resources conference over the last weekend.

These projects are used to fight against drought and flooding, strengthen reservoirs and tackle shortages in drinking water for human beings and animals and they have passed careful examination by the State Council.

Apart from the multi-billion-dollar investment in infrastructure, the government has earmarked about another 30 billion yuan (3.6 billion US dollars) on treasury bonds for the strengthening and extension of the Yangtze River's embankments, Wang said.

The water level of the Yangtze in the summer of 2002 almost equaled that of 1998, but no disaster occurred thanks to the solid new embankments.

"We employed many new technologies, materials and techniques in the construction, with high standards and lower costs to ensure high quality," said Li Shiren, general engineer from the General Construction Command Department.

The project will also bring great economic and ecological benefits to vast areas along the middle and lower reaches of the Yangtze River.

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