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Canal

In Nicaragua, The Latest Zombie Megaproject

July 4, 2016 Jennifer Goett, www.nacla.org , , ,
By Jennifer Goett for Nacla - Most recent media coverage on Nicaragua’s Interoceanic Grand Canal conveys a good deal of skepticism about the project’s viability. Since the Nicaraguan state granted rights to build and operate the canal to a Chinese corporation in 2013, the project has become the centerpiece of Sandinista development policy for this economically impoverished nation. One of the world’s largest infrastructure projects to date, the canal comes with a $50 billon price tag and a host of environmental and social costs that have provoked wide ranging opposition.

Mass Protests In Nicaragua, Canal Will ‘Sell Country To Chinese’

June 15, 2015 Alexander Ward, www.independent.co.uk , , , , , ,
By Alexander Ward in The Independent - Thousands of locals in Nicaragua have demonstrated against plans to construct a canal linking the Atlantic and Pacific oceans. Mass protests in Nicaragua as farmers claim planned canal will 'sell country to the Chinese' The project, billed as longer and deeper than the Panama canal, will cost $50bn (£32bn) and is to be built by Chinese contractors. While the Nicaraguan government have said that the canal will bring vital investment to the country, demonstrators are concerned that it will have a dramatic effect on the environment. Protestors have also accused the Nicaraguan president, Daniel Ortega, of “selling the country to the Chinese,” although this has been refuted by authorities. According to various sources, the number of protestors gathered in Juigalpa is between 15,000 and 30,000. They believe that up to 120,000 people could be displaced by the project.

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