In 2013, Nicaragua sold the concession for a canal to rival Panama to a Chinese billionaire who lost 85% of his fortune, disappeared, and was declared bankrupt. Now the project resurfaces with a new route, a new Chinese partner, and a cost of $64.5 billion.

Nicaragua Canal Project of US$ 64.5 Billion Resurfaces with Chinese Support After Previous Failure and Raises Questions About Viability and Geopolitics The groundbreaking ceremony for the Nicaragua Canal took place on December 22, 2014, in a pasture area near the town of Brito, on the Nicaraguan Pacific coast. The event brought together President Daniel Ortega…

In 2013, Nicaragua sold the concession for a canal to rival Panama to a Chinese billionaire who lost 85% of his fortune, disappeared, and was declared bankrupt. Now the project resurfaces with a new route, a new Chinese partner, and a cost of US$64,5 billion

The groundbreaking ceremony for the Nicaragua Canal took place on December 22, 2014, in a pasture area near the city of Brito, on the Nicaraguan Pacific coast. The event brought together President Daniel Ortega and Chinese businessman Wang Jing, who had received a 100-year concession to build and operate the interoceanic canal. Excavators were positioned,…

Corporate Civil Enforcement Reforms Consultation

Foreword Minister McDougall Economic Growth is this government’s number one mission. Focussing on strengthening our economy will secure strong, long-term prosperity for the British people. Central to our ambition is rebuilding economic stability, encouraging businesses to invest, and removing the barriers that hold back new industries and the development of vital infrastructure. Sustained economic growth…