Three Gorges Project So Far Costs 70 Billion Yuan

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 ◆ Three Gorges Project So Far Costs 70 Billion Yuan

The nine-year construction of the Three Gorges Project on the China's longest Yangtze River has so far cost a total of 70 billion yuan (8.4 billion U.S. dollars),said China Yangtze Three Gorges Project Development Co.

The world's largest hydropower project started in 1993 and will be completed by 2009.

Work on the project in Yichang, in central China's Hubei Province, is to cost an estimated investment of 203.9 billion yuan(about 24.6 billion U.S. dollars), according to company sources.

Based on current construction performance, price and interest rates, and in case no major policy changes and economic spirals take place, the total investment of the project will be no more than 180 billion yuan (21.7 billion U.S. dollars), according to the sources.(xinhua)