Aswan Dam allies in the Middle East, including Turkey and Iraq, were irritated and jealous that Egypt, a persistently neutral country, was being offered so much aid. In June 1956, the Soviets offered Nasser $1.12 billion at 2% interest for the construction of the dam. On 19 July the U.S. State Department announced that American financial assistance for the High Dam was "not feasible in present circumstances." On 26 July 1956, with wide Egyptian acclaim, Nasser announced the nationalization of the Suez Canal as well as fair compensation for the former owners. Nasser planned on the revenues generated by the canal helping
Tsiazompaniry Dam Tsiazompaniry Dam The Tsiazompaniry Dam is a buttress dam on the Varahina-South River, a tributary of the Ikopa River, near Tsiazompaniry in the Analamanga Region of Madagascar. The dam was constructed by a French firm in 1956. It creates Lake Tsiazompaniry, the largest reservoir in the country, which has a surface area of and a storage volume of . A second buttress dam, northwest of the main dam helps withhold the reservoir. Water released from the dam supplies a regulated flow to hydroelectric power station at the Antelomita Dam downstream. Efforts to install a 5.25 MW power station at the