Nicaragua canal faces new setbacks and old problems (Oct. 2, 2015)
latinamericadailybriefing.substack.com
It seems increasingly likely that Nicaragua's extremely polemic and mysterious plan to build a $50 billion trans-oceanic mega-canal project will never happen. Government officials announced that construction (which technically began last year) will be postponed at least till March in light of environmental and human concerns. But analysts are also questioning the financial feasibility of the mega project after its backer lost a fortune in the stock market.
Nicaragua canal faces new setbacks and old problems (Oct. 2, 2015)
Nicaragua canal faces new setbacks and old…
Nicaragua canal faces new setbacks and old problems (Oct. 2, 2015)
It seems increasingly likely that Nicaragua's extremely polemic and mysterious plan to build a $50 billion trans-oceanic mega-canal project will never happen. Government officials announced that construction (which technically began last year) will be postponed at least till March in light of environmental and human concerns. But analysts are also questioning the financial feasibility of the mega project after its backer lost a fortune in the stock market.