Three Gorges project faces funding shortall of $3bn

  • 16/03/1999

  • Financial Times (London)

China's Three Gorges Dam, the world's largest civil engineering project, has run into difficulties raising funds at a crucial stage in its construction. The country's flagship infrastructure project faces $3bn shortfall for the second phase of construction, the government said in a report suggesting that international reluctance to finance the controversial $24.5bn scheme is adding to the strains on funding.