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60% of Investment Already Paid for Suspended Myitsone Dam: Chinese Developer [Myanmar]

The Chinese backer of the Myitsone dam project says more than half the funds to construct the multi-billion-dollar project have already been paid to Burma…The project was suspended last year by Burma’s President Thein Sein, who faced mounting public criticism over its potential environmental and social impact…[Q]uestions have arisen over how the funds were spent…[A China Power Investment representative] denied reports of activity at the Myitsone site...[refers to Asia World]