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On the 21st July 1970, construction was completed on the Aswan High Dam in Egypt. Taking just over ten years to build, the High Dam cost nearly $1 billion. However, it’s estimated that this cost was recovered in less than five years thanks to income from increased agricultural production and hydroelectric generation, as well as savings from flood protection and improved navigation.
A dam had already been built across the Nile near the southern Egyptian city of Aswan in 1902. It was designed to store the Nile’s annual floodwater and release it during the dry season in order to irrigate ... |