A crack in China's dam plans. (Three Gorges Dam) From: Multinational Monitor | Date: July 1, 1996| Author: McCully, Patrick | COPYRIGHT 1996 Essential Information, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

The U.S. Export-Import Bank did not grant support to US corporations hoping for contracts for China's Three Gorges Dam. Caterpillar Inc., Rotec Inc. and Voith Hydro Inc. hoped for letters of intent for loan guarantees from the Ex-Im Bank to enable them to submit formal bids to sell China construction equipment for the dam. However, the companies failed to properly comply with the bank's environmental guidelines.

After nearly two years of review, the U.S. Export-Import Bank denied sup...

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