That overtakes the second-place Three Gorges Dam, which cost a mere 203.9 billion yuan.
Environmental activists concede that the Three Gorges Dam is already a reality, and no amount of criticism will make it go away.
Perhaps no project better exemplifies this challenge than the Three Gorges Dam.
At the end of a Yangtze cruise, you can also visit The Three Gorges Dam, which is one of the most spectacular modern engineering feats.
Authorities also said that no damage was observed at the massive Three Gorges Dam, located on the Yangtze River, several hundred kilometres east of the epicentre.
Like the Great Wall or, more recently, the Three Gorges Dam on the Yangtze River it's a classic imperial project, still possible under China's one-party system.
In China it's putting up an 800, 000-volt line, the most powerful ever, to move 6.4 gigawatts 1, 300 miles from a station near the Three Gorges Dam to Shanghai.
Hundreds of acres of virgin rainforest gets flooded and 20, 000 people will have to move (compared with 1.3 million during the building of Three Gorges Dam in China).
Later this year the Yangzi will be blocked and diverted at the site of the Three Gorges dam, a giant project that will turn the 600 kilometres below Chongqing into a lake.
The company is involved in two more dams, in Uganda and Laos, which are expected to receive World Bank funding, and it has helped build enormous reservoirs such as the Three Gorges Dam in China.
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But then I looked at a column in another newspaper, and it said that only 18.6% of the eco projects involving the Three Gorges Dam have been tackled, and that due to the economy, they may not be finished for another 10 years.
On his most recent visit to the dam site, in October, Mr Li sang his familiar song of praise for the Three Gorges: the dam had sound science and public support behind it.
The two countries share the Itaipu hydroelectric dam (still the world's largest until China's Three Gorges is completed).
Promoting the power-generation aspect of the Three Gorges project may have seemed a good way to counter the criticisms made by the dam's opponents, and the suspicions of potential investors.
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