YICHANG, February
5 (Xinhuanet) -- A total of 15.1 billion yuan (1. 82 billion U.S. dollars)
will be spent on constructing the mammoth dam near the Three Gorges on the
middle reaches of the Yangtze River this year. This sum is
the largest investment since construction of the water control project
started ten years ago, said an official with the China Yangtze River Three
Gorges Project Development Corporation. According to the
official, 8.7 billion yuan (1.05 billion U.S. dollars) of this investment
will be used for the relocation of more residents from the site of the Three
Gorges project or the reservoir area. More than 73 billion
yuan (8.8 billion U.S. dollars) has already been spent on the Three Gorges
Project since the project was launched in 1993. The entire project, located
near Yichang in central China's Hubei Province, is estimated to cost a total
of 180 billion yuan (21.69 billion U.S. dollars) and will be finished in
17 years. Installing metallic structures and debugging
electronic products and machinery will be the most important task this year,
said the official, who added that workers would also need to pour 1.4
million cu m of concrete in the new year, 2.6 million cu m less than last
year. Water storage at the Three Gorges will begin in 2003, when
the first group of generating units and the permanent ship lock will be
put into operation. The project consists of a 1,983-meter-long
and 185-meter-high dam and 26 generating units with a combined capacity of
18.2 million kw and an annual output of 84.7 billion kwh. The
permanent ship lock can accommodate ships of 10,000 dwt.
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