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The World Bank, stung by vicious criticism of other hydro projects it sponsored, decided not to fund the project. It hoped to gain further environmental information from the Chinese, which would allow for a positive decision.
It was not against the project. Moreover, its stance did not prevent US groups from bidding for contracts, nor US commercial banks from financing their operations.
Ecology and environmental monitoring information system for the project was opened in Fish Nurturing Centre Base was also built for the conservation of Asian carp and other species through the eco-scheduling process. European governments snubbed Three Gorges opponents. The export credit agencies of Germany, Switzerland, Sweden, France and the UK all promised support for potential suppliers from their countries.
Japan, after initial hesitation, followed their lead. Canada also offered financing to its companies. Long-term commercial loans by banks in these countries supported the credits. After intensive reviews by the Japanese Ministry of International Trade and Industry, Japan claimed the project offered the following main benefits:. Flood control: Japan believed the project would achieve its objectives in the area, despite claims that it could actually increase the risk of floods, either through changes in silt flow or a catastrophic dam collapse.
This issue, in particular, generated a lot of sympathy for the project in Japan. If it is not built, soaring Chinese emissions would rise even faster, causing more acid rain in Japan.
Relocation: Japan believes current plans are adequate, although the situation would need to be kept under review. China initially insisted that potential problems were identified and dealt with. However, there were calls on Western governments and companies to refrain from further support of the project until resettlement and human rights problems were resolved.
There were claims that the dam did not address the real source of flooding deforestation in the Yangtze watershed and the loss of lakes that alleviated floods because of siltation, reclamation and uncontrolled development.
Corruption scandals also plagued the project. Contractors allegedly won bids through bribery and then siphoned off construction funds by skimping on equipment and materials. But the cost fell to CNYbn due to lower inflation rate during construction. Please click confirm to resume now. Sponsored Offers. Most Popular News.
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