On December 21, 2010, People’s Daily reported that, according to the State Council, the portion of the South-to-North Water Transfer Project that was completed by the end of November 2010 came to around RMB 74 billion, which is 45% of the total amount allocated by the investment plan. The project is now entering a critical peak time period for construction work and residents’ migration work. The current speed at which the project is moving has demonstrated a possibility of early completion. Part of the work going on today is going to determine whether water will be delivered to the North on time or not. The completed portion of the project is already producing value to some areas of China, mainly Beijing.
Source: People’s Daily, January 1, 2011