No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeTopicsBusinessFarmers protest planned $50 billion canal in Nicaragua

Farmers protest planned $50 billion canal in Nicaragua

MANAGUA, Nicaragua – Hundreds of farmers on Tuesday demonstrated against a new $50 billion waterway aimed at rivaling the Panama Canal, irate at plans to expropriate the land they work.

“We do not want the canal to be built. Nobody should come in here and take over our land,” said Ronald Enríquez at a march in the southern town of Potosí, where participants scuffled with police.

The mega-project through Nicaragua — which would link the Caribbean and the Pacific — has been assigned to a Chinese company, HK Nicaragua Development (HKND).

Demonstrators chanted “We do not want the Chinese here,” and “the police are on the side of the Chinese,” at the second such show of opposition in the Rivas department in less than a week.

The Great Inter-Oceanic Canal Commission, which is managing the project, said it would pay fair prices to landowners whose property is taken for public use.

Work on the 278-kilometer (172 mile) waterway is scheduled to begin late this year.

President Daniel Ortega has said the project will create enough work to help alleviate the poverty that affects more than half the population of this Central American country.

But environmentalists are worried, in particular about the effects of ship traffic on a lake that is along the path of the planned canal. Lake Cocibolca is the largest freshwater body in Central America.

Panama earns about $1 billion annually from its canal.

Recommended: Nicaragua canal survey off to rocky start marked by fear and mistrust

Trending Now

INCOFER Weighs Monorail Against Tunnel for Direct Link from Airport to Electric Train

Officials from the Instituto Costarricense de Ferrocarriles (INCOFER) are carrying out a feasibility study on how to link the Juan Santamaría International Airport directly...

Home Invasion Forces Canadian Visitors to Leave Costa Rica

A Canadian couple from Nanaimo shared details of an armed home invasion that cut their vacation in Costa Rica short. Louise Fleming and Drew...

Nosara Landowners Build Costa Rica’s First Voluntary Biological Corridor

Private landowners in Nosara have begun to register ecological easements that form the country’s first biological corridor created solely through voluntary conservation agreements. The...

Women march in Venezuela for freedom of female political prisoners on Women’s Day

Under the slogan They Count, hundreds of activists and relatives of female political prisoners marched this Sunday in Caracas as part of International Women’s...

Venezuela Reports 475% Inflation as Reforms Begin

Venezuelan inflation soared to 475 percent in 2025, the highest in the world, driven by a tightening of US sanctions in the lead up...

El Salvador Hands Down Sentences of Up to 300 Years

A court in El Salvador sentenced 39 members of a criminal gang to prison terms of up to 300 years for murder and multiple...
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Travel

Latest News from Costa Rica