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China is scheduled to spend $9 billion on reservoirs February 25, 2011

Posted by WaterWise Consulting in Uncategorized.
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As part of China’s efforts to reinforce water conservation initiatives and battle natural disasters, the Chinese Government has decided to spend 63 billion yuan ($9.3 billion). The funding will go to repair preexisting reservoirs as well as build new ones.
By 2012, 24.4 billion yuan will be spent to repair over 5,000 small reservoirs with a maximum capacity between 1 million cubic meters and 10 million cubic meters.
Another 16,000 reservoirs with a maximum capacity of over 200,000 cubic meters will be retrofit by 2013 with an investment of around 38 billion yuan. The remaining 25,000 reservoirs will be improved with funding from local governments before the end of 2015. The spending plan is part of the country’s efforts to reinforce water conservation initiatives and combat natural disasters, such as floods and droughts.
China has been suffering from a severe drought since October. More than 6 million hectares of farmland has been affected in the country’s eight wheat producing provinces.
Compounding the issue, more than 60 percent of the country’s small and medium-sized rivers do not meet national flood control standards and over 32,000 small reservoirs are flawed, according to the ministry of water resources.
Brian O’Neill
http://www.waterwise-consulting.com
boneill@waterwise-consulting.com

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