How much money has been invested in the Three Gorges Project so far?

The total planned investment of the Three Gorges Project is 90.09 billion yuan, and the total dynamic investment is expected to reach 203.9 billion yuan. 1993 after the Three Gorges Project was officially started, its construction funds mainly depended on the capital injected by the state, domestic and foreign bank loans and market financing because there was only input but no output in the early stage. After the first batch of units on the left bank of the Three Gorges Project were put into operation in 2003, the Three Gorges Project entered the input-output stage.

The Three Gorges Project will be fully completed as scheduled in 2009.

Extended data

The investment required for the Three Gorges Project is 90.09 billion yuan (constant price at the end of May 1993), including 50.09 billion yuan for the hub project and 40 billion yuan for the resettlement project in the reservoir area. The dynamic (forecast price, interest changes and other factors) is 203.9 billion yuan. The first phase of the project (before river closure) is about 654.38+09.5 billion yuan; The second phase of the project (the first batch of units began to generate electricity) needs 34 billion yuan; The third phase of the project (all units put into production) will cost about 35 billion yuan; About 6.9 billion yuan is needed for the resettlement interception project in the reservoir area. Considering the rising prices and loan interest, the final total investment of the project is expected to be around 200 billion yuan. Among them, 80 billion yuan is supplemented by power generation income during the construction period.

Construction funds are divided into three stages: 1 and pure investment stage, from 1 to1(1993-2003). 2. In the input-output stage, in 2003, after the first generation of units, there began to be capital income. By 13 (2005), the power generation income of that year, plus the profit income of the Three Gorges Project Construction Fund and Gezhouba Power Plant, reached a balance with the capital demand of that year, and that year was a fund balance year. 3. Output-repayment stage. Since the Three Gorges Project 14 (2006), the funds have been in balance and the loan principal and interest have been repaid. According to preliminary calculation, after 20 10, the loan principal and interest can be fully paid off. Its source of funds is mainly domestic, and it is solved by raising funds through various channels and forms.

China municipal government has issued three financing support policies. First of all, Gezhouba Power Plant will be owned by the Three Gorges Project ── China Yangtze River Sanshan Engineering Development Company, and its power generation profits will be used to build three major projects in Shaanxi. In addition, the on-grid electricity price will be raised appropriately, and the increased income will also be used for the construction of "Three Shaanxi" project. Second, nationwide, according to different regions and standards, the "Three Shaanxi" project construction fund is levied by appropriately raising the price of electricity used by users. The above two projects can raise about 1 1000 billion yuan during the construction period of the Three Gorges Project, accounting for more than 50% of the total investment of the Three Gorges Project. The third is the loan from China Development Bank, which promised to lend 3 billion yuan (* * * 30 billion yuan) to the project in Sanshan every year from 65438 to 0994 to 2003. The above three policies can raise more than 654.38+04 billion yuan for the construction of the Three-Shaanxi Project, accounting for about 70% of the total project investment. This is a stable and reliable source of funds for the Three Gorges Project and plays an important supporting role in the whole project construction.

In addition, since 2003, the units of the Three Gorges Project have been put into production one after another, which can add new sources of funds for the Three Gorges Project from the sale of electricity. The remaining small amount of funds will be raised from domestic and foreign capital markets. The insufficient part should be solved in the international capital market through export credit and bond issuance.

1997 1, the state planning commission officially approved the three Gorges bond issuance plan. In February of the same year, China Three Gorges Project Development Corporation issued bonds for the Three Gorges Project for the first time in China, with a bond issuance amount of 654.38 billion yuan.