Economics
The government estimated that the Three Gorges Dam project would cost 180 billion yuan (US$22.5 billion). By the end of 2008, spending had reached 148.365 billion yuan, among which 64.613 billion yuan was spent on construction, 68.557 billion yuan on relocating affected residents, and 15.195 billion yuan on financing. It is estimated that the construction cost will be recovered when the dam has generated 1,000 terawatt-hours (3,600 PJ) of electricity, yielding 250 billion yuan. Full cost recovery is expected to occur ten years after the dam starts full operation.
Funding sources include the Three Gorges Dam Construction Fund, profits from the Gezhouba Dam, loans from the China Development Bank, loans from domestic and foreign commercial banks, corporate bonds, and revenue before and after the dam is fully operational. Additional charges were assessed as follows: Every province receiving power from the Three Gorges Dam has to pay ¥7.00 per MWh extra. Other provinces had to pay an additional charge of ¥4.00 per MWh. Tibet pays no surcharge.
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