Robert Tait

Insurers delivered a victory for environmentalists and dealt a body blow to Turkey's economic regeneration plans yesterday by pulling the plug on a bitterly contested dam project that critics claimed would wreck habitats, displace people and drown ancient archaeological treasures.

A consortium of German, Austrian and Swiss insurance firms ordered a halt to the £1.1bn Ilisu dam in Turkey's impoverished south-east after concluding that it failed to meet standards set by their governments and the World Bank.

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Posted by boyang at December 24, 2008 5:13 AM