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Misused Resettlement Funds Recovered
Over 91 percent of the misappropriated fund, or 430 million yuan, allocated for the settlement of the Three Gorges Dam project has been recovered.
An investigation by the Auditing Administration in 1998 found that 473 million yuan (US$57 million) allocated for relocating people living in the area was misused. The money was spent on building office buildings, dormitories and setting up companies.
The Central Committee of the Communist Party of China and the State Council, have paid great attention to the problem and urged the governments of Hubei Province and Chongqing Municipality to adopt measures to recover the misused funds before the end of June.
The relocation project will involve 1.13 million people in 20 counties and prefectures by 2009 when the Three Gorges Project is expected to be completed.
The Three Gorges hydro-electric power project on China's largest river, the Yangtze, is the largest hydro-electric power project in the world. It is expected to help control floods and increase power generating capacity. The project started in 1993 and will cost an estimated 50.09 billion yuan (US$6 billion).
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