Dam the Three Gorges

The Three Gorges are known to be a famous tourist attraction for its beautiful scenery, located in northeastern China along the Yangzi River.  The Yangzi River runs 3700 miles long, being the third longest river in the world after the Nile and Amazon Rivers.  The Qutang Gorge, the Wuxia Gorge, and the Xiling Gorge are the three Yangzi River gorges that make up the Three Gorges.  The Three Gorges are not only famous for its scenery, but also its disastrous flooding.  Within a century, five major floods have occurred killing over 300,000 people living in cities along the bank of the river.  This is due to the constant sediment deposits along the river, causing the river bed to continuously rise six metres to seventeen metres higher than the plains.

In 1992, the Chinese National People’s Congress approved the project of constructing a dam at the upper and middle reaches of the Yangzi River by the Xiling Gorge.  The purpose was to adjust the water flow of the Yangzi River in hope to prevent more serious flooding.  The dam is expected to be the largest hydroelectric project in the world, being 185 metres (606 feet) high and 1,983 metres (6500 feet) broad, with a reservoir that will fill a level of 175 metres above sea level.  The 17-year construction of the dam is estimated to use 10.8 million tons of cement, 1.9 million tons of rolled steel, and 1.6 tons of timber, costing a total of approximately $900 billion yuan.  Since then, construction has been undertaken for the Three Gorges dam.  But many issues have been raised concerning the many aspects of the project.  As a Chinese journalist, Dai Qing, calls it, “the Three Gorges dam is the most environmentally and socially destructive project in the world.”

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In Terms of Money

The World Bank and the U.S. Export Import Bank are unwilling to provide financial assistance for the construction of the dam.  Therefore, most costs will be depended upon the national energy tax, government bonds, and any other trust funds raised.  The dam will produce the energy of 84 billion kilowatt hours per year, which is enough to supply 11-15% of China’s energy.  Project loans and interest is planned to be paid off by this energy generated in 2-3 years upon completion of the dam.  The inexpensive electricity and cheap river transportation is expected to turn ...

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