CCB Provides Three Gorges Dam with Strong Financial Services

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Last updated at: (Beijing Time) Monday, June 30, 2003

CCB Provides Three Gorges Dam with Strong Financial Services

The China Construction Bank (CCB) had provided the Three Gorges Project with 7.3 billion yuan (883 million US dollars) of credit capital by the end of May.

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The China Construction Bank (CCB) had provided the Three Gorges Project with 7.3 billion yuan (883 million US dollars) of credit capital by the end of May.

A CCB spokesman said that, as the host bank of the Three Gorgesproject, it had provided the project 70 kinds of financial services, including construction capital, migration capital, purchase price clearing and financial settlement.

He said the CCB had so far handled Three Gorges construction capital of 90.8 billion yuan and migration capital of 32.337 billion yuan without error. At the same time, the bank had actively provided the project with foreign exchange services, price assessment consultation, financial advice, individual financing and other services.

He said the CCB had cooperated well with the Three Gorges development company over the past dozen years, and had also granted a credit line of 38 billion yuan to the Yangtze Power Co. Ltd. for power generation, management and investment.

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