World Bank Clears Congo’s Controversial Dam Project

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Photo source: ©© Bernard Polet

Excerpts;

The World Bank Thursday approved a 73.1-million-dollar grant in support of a controversial giant dam project in the Democratic Republic of the Congo (DRC).

Protests by local communities and international human rights and environmental groups that documented the massive displacements and environmental damage these mega-dams often caused – not to mention their failure to deliver electricity to those most in need – resulted in a halt in approving new projects in the mid-1990s.

Earlier this month, four researchers at Oxford Unversity Said Business School released a major study based on data from 245 large dams built since 1934 in 65 different countries.

It found that they suffered average cost overruns of more than 90 percent and delays of nearly 50 percent inflicting huge additional costs in inflation and debt service for the mostly public entities that built them.

“Proponents of mega-dams tend to focus on rare stories of success in order to get their pet projects approved,” said Atif Ansar, one of the Oxford researchers. “If leaders of emerging economies are truly interested in the welfare of their citizens, they are better off laying grand visions of mega-dams aside…”

Read Full Article, IPS News

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