Judy Sanchez, a spokeswoman for the company, said that in the time it took to consider how to best accelerate projects like the reservoir, the purchase could be completed.
It reflects perhaps the most prominent symptom of the Capital of Culture: wherever it descends, it results in a spasm of accelerated projects, favouring exterior image and the power of spectacle over long-term, joined-up thinking.
Those are the sort of things you can open up in a skunkworks that really accelerate projects, get rid of the impediments and go straight through.
GE is doing this even as it tries to accelerate projects, push customer-focused research back to its business units, and concentrate on technologies with the highest commercial potential.
Innovative leaders must be highly engaged with their innovation teams, asking questions, probing for potential problems, and looking for ways to accelerate projects and broaden their impact.
The authorities have also accelerated project approvals, in particular for infrastructure work; have bought forward spending plans for investment projects backed by the central government; and have announced plans to subsidize energy-saving home appliances and cars in a bid to support consumption.
Now it is especially necessary to accelerate project appraisal and construction work of wave energy and tidal current energy testing field, including on-site monitoring system design, setup of integrated comprehensive testing and evaluation system, engineering construction of testing field, etc.
However, an opposition spokesperson claimed it was "in the current forward estimates", and not in the costing, as the upgrade was neither a "new and accelerated" project, nor a project that would definitely not be funded.
It is expected that this will provide a strong base for accelerated project implementation.
Recently, the government has taken a number of policy measures to bolster demand, such as accelerating infrastructure projects, lowering interest rates, and devaluing the Chinese currency.
