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 and Chinese businessman Wang Jing, who had received a 100-year concession to build and operate the interoceanic canal. Excavators were positioned, speeches were made, and images circulated globally as a symbol of one of the most ambitious infrastructure projects of the 21st century.
In the following weeks, however, reality set in. No meter was…