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China to invest RMB26.9 bn in Three Gorges tourism

[photopress:hotels_three_gorges.jpg,full,alignright]To develop tourism in the Three Gorges Dam region China will invest RMB26.9 billion between 2007 and 2020. The funding is aimed at developing tourism in the region to provide jobs for local people.

The forecast is this investment will generate a RMB20 billion return, or 24.7% of the area’s gross domestic product, by 2020.

Li Chunming, vice-governor of China’s Hubei province, is reported as saying that booming tourism will provide jobs and economic growth without posing a threat to the fragile ecological environment.

The money will be used to improve tourist ferry services along the valley, build roads and docks to form a traffic network and improve other tourist facilities around the Three Gorges Dam.

Spanning the Yangtze River, the hydroelectric dam is the largest structure of its kind in the world, more than five times the size of the Hoover Dam.
Source: Opodo

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