The ambitious and contentious plan for a $50bn Nicaragua Canal will see spades in the ground by August with the start of construction on a fuel terminal and a ship wharf, according to Bloomberg.
After previous delays saw the original start of 2015 delayed, the latest putative date was asserted by the project contractor HKND Group of Hong Kong, which got an environmental permit from the Nicaraguan government last November.
The Canal would be 172 miles (276km) long, more than triple that of the long-established Panama Canal.
The terminal and wharf mentioned by HKND will be the first elements of a new port facility necessary for importing heavy machinery for work such as dredging.
Hi Don
Very concerned about this news. I think there is an opportunity for a great article on why this environmental catastrophe cannot happen…citing the the Monroe Doctrine, and subsequent to that -Teddy Roosevelt and King Edward’s policy re China in the N American hemisphere. Will you write it? The EIR consultants’ report on the Canal is on line to review and is an incomplete document (by the consultant’s own admission). That Ortega pushed it thru the Assembly in Managua is a shame/illegal. Impacts to lands of indigenous peoples breach UN policy.I live and work on clean water projects in Nica and reside also in Ca (Auburn). Would be pleased to discuss w you.