Audit slams S.Korea's $20 bln river project | Bangkok Post: news

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Audit slams S.Korea's $20 bln river project

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South Korea's state auditor on Friday panned President Lee Myung-Bak's $20 billion effort to dredge, dam and beautify four major rivers, saying it was riddled with costly flaws. 

This file photo shows icicles hanging from a rope tied to a leisure boat on the Han river in Seoul, on January 24, 2007. South Korean President Lee Myung-Bak's $20 billion effort to dredge, dam and beautify four major rivers, including Han, is riddled with flaws that could cost a fortune to maintain, the state auditor revealed on Friday.

Revitalising the Han, Nakdong, Geum and Yeongsan rivers was the centrepiece of the outgoing president's "Green New Deal", a bold plan to create jobs after the 2008 global downturn.

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