Tag Archives: US Foreign Relations

China’s plan to build £25bn rival to the Panama Canal across Nicaragua

China’s plan to build £25bn rival to the Panama Canal across Nicaragua

  • In June, Nicaragua allowed Chinese businessman Wang Jing to build canal
  • Construction could begin next year and take five to six years to complete
  • Critics say it’s economically unrealistic, ecologically risky, bad for Nicaragua
  • Wang also gets string of tax-free side projects, from port, airport to pipeline
  • Deal pays Nicaragua $10m a year for 10 years, slowly transferring ownership
  • By Associated Press Reporter

Read more: http://www.dailymail.co.uk/news/article-2523188/Chinese-waterway-Nicaragua-thatll-longer-Panama-Canal.html#ixzz2nZUUAmDr
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US Foreign Relations Spring 2014


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by | November 14, 2013 · 10:56 am