Monday, December 22, 2014

The Nicaragua Canal

This will be interesting to follow - from Bloomberg:
"President Daniel Ortega and executives from the Hong Kong-based HKND Group, which is building the canal, will attend an inauguration ceremony in the capital of Managua, according to Telemaco Talavera, a spokesman for the project’s development commission. A separate ceremony will be held in Rivas, a town between the Pacific coast and Lake Nicaragua, he said.
At an estimated cost more than four times the size of Nicaragua’s $11 billion economy, the project has raised doubts among analysts who point to HKND’s lack of experience in major infrastructure projects and question the need for another Central American canal. Panama is planning to complete a $5.25 billion expansion of its waterway next year."

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