Word: dam
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Dates: during 1950-1959
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...joint East-West program for economic assistance. "We will help them ourselves." At a Kremlin reception two days later, Premier Khrushchev announced that the Soviet Union had agreed to advance the U.A.R. 400 million rubles ($40 million at the tourist rate) to help Nasser build the Aswan High Dam...
This, as every listener to Cairo's Voice of the Arabs knows, is the same high dam that the U.S. proposed, then refused to underwrite before Nasser nationalized the Suez Canal. The news went over big in the Middle East. A pro-Western Beirut newspaper cried approvingly: "The Soviet Union has taken the place of the West on the banks of the Nile to help Nasser at long last to build the Pyramid of the 20th century...
...prospect of power shortages by 1962, unless some new developments are opened. One mighty project calls for tapping the swift-running Eraser River, which alone could provide enough power to meet British Columbia's needs for years to come. A second idea is to develop the Columbia River, dammed at nine points in the U.S. and nowhere in Canada. The idea is to build a dam on the Columbia at Mica Creek, north of Revelstoke, B.C., to generate...
...million-to-$600 million hydroelectric project on the Peace River, wire the electricity 600 miles to Vancouver. Wenner-Gren would also study the possibility of building pulp and paper mills, mines and smelters in the undeveloped northland. Since then, Wenner-Gren has spent an estimated $10 million surveying possible dam sites, prospecting for minerals...
...more of them have been coming round to the view that such a fund is necessary to finance vitally needed development programs that the bank cannot back because they contain individual projects that will not pay off. With the proposed new fund, the bank, for example, could finance a dam, while the IDA could finance nonself-liquidating projects needed to develop the area around the dam. One big point in IDA's favor: it would lessen the pressure on the U.S. for shaky loans or grants. It would also cool the heat on the U.S. in another...