• Costa Rica Real Estate Auction
  • Costa Rica Real Estate

Lawmakers dismiss attempt to block Nicaragua Canal

April 12, 2016

MANAGUA, Nicaragua – Nicaragua’s Congress has scuppered a bill backed by thousands of people hoping to block a cross-country canal project, saying the legislature does not have the authority to weigh the issue.

The draft legislation presented by rural dwellers living along the proposed Nicaragua canal’s path “is rejected as inadmissible,” the chamber said, adding that it lacks the “jurisdiction” to handle it, Congress’s first secretary wrote in a letter made public on Monday.

The government hopes the ambitious Nicaragua Canal project will rival Panama’s lucrative canal, which handles five percent of commercial maritime traffic.

Some 28,000 Nicaraguans signed a petition backing the bill, which sought to block the state’s authorization giving the canal project to a Chinese consortium, HKND, to build and run for 50 years. Seven thousand of those signatures were stamped, as required by law. Only 5,000 stamped signatures must be collected for Congress to consider a citizen’s bill.

See: Indigenous and Afro-Caribbeans claim they were forced to negotiate over Nicaragua Canal

The legislature argued on Monday that it is unable to debate the citizen’s bill because of a 2013 ruling by the country’s Supreme Court rejecting a complaint against the canal and drawing a line under the issue.

A legal consultant for the petitioning rural citizens, Mónica López, criticized the Congress’s decision, saying the lawmakers were declaring that “the law on the canal is written in stone and 28,000 signatures cannot modify it.” That, she said, was “a legal aberration, an outrageous situation.”

Congress in June 2013 approved a law handing the canal’s operating rights to the HKND consortium, which is tasked with building the gargantuan waterway at a cost of $50 billion.

Read more Nicaragua Canal coverage here

 

You may be interested

Costa Rica places 1.5 billion dollars in Eurobonds to refinance debt
Costa Rica
8 views
Costa Rica
8 views

Costa Rica places 1.5 billion dollars in Eurobonds to refinance debt

AFP and The Tico Times - November 13, 2019

In an operation to cover state budgetary needs, including the refinancing of public debt, Costa Rica on Tuesday placed $1.5…

The coffee conundrum: consumption is up, but trade prices are low
Coffee
14 views
Coffee
14 views

The coffee conundrum: consumption is up, but trade prices are low

Benoît Pelegrin / AFP - November 13, 2019

Despite a steady increase in coffee consumption around the world, trade prices have fallen dramatically in the past three years,…

Pic of the Day: Costa Rica’s beautiful Nicoya Peninsula
Pic of the Day
70 views
Pic of the Day
70 views

Pic of the Day: Costa Rica’s beautiful Nicoya Peninsula

The Tico Times - November 13, 2019

Costa Rica's Nicoya Peninsula is worth the challenge. The roads are sometimes better suited for ATVs than cars, and some…

Do NOT follow this link or you will be banned from the site!