Category: Three Gorges Probe

Three Gorges Project developer issues unsecured bonds

(July 19, 2000) Yichang, Hubei: China Yangtze River Three Gorges Project Development Corporation began to issue bonds worth more than 3 billion yuan (about 370 million U.S. dollars) as of Thursday. It is the seventh debenture made by the corporation, developer of the multi-functional water control and power generation facility that is being constructed on the middle reaches of the Yangtze River.

Workers complete Three Gorges dam

(February 29, 2000) It has been one of the most controversial public works projects in decades. Environmental activists are still enraged 12 years after work began. But despite all protests, work has finished on China’s Three Gorges Dam. It is scheduled to begin operations in 2008. … “All the fears we had before the dam have been confirmed. …”

Shame about that big dam

(December 17, 2001) … According to a report last year produced by the World Commission on Dams, a project of the World Bank, large dams tend to have net negative environmental and social costs, emit large levels of greenhouse gases, have a poor economic return, often fail to provide projected benefits, and are widely marked by corruption and vested interest that skew the initial intention of the project.