It isn’t looking good for Chinese billionaire Wang Jing and his planned $50 billion Nicaragua canal project. New financial, social and environmental concerns have cast doubt on the feasibility of the proposed interoceanic canal, and construction has now been delayed until March.
Nicaragua’s proposed $50 billion interoceanic canal – the biggest earthmoving project in world history – will cut poverty in half, double the country’s GDP growth and energize Central American integration by servicing a boom in global shipping that will quickly outgrow even the newly enlarged Panama Canal. So claims Paul Oquist, a key adviser to President Daniel Ortega.
MADRID, Spain – Builders of a massive, trouble-plagued expansion of the Panama Canal said Thursday they will make repairs after authorities there said it had sprung a leak.
"What's going to happen if along the [canal] route it will require land expropriation, and how are they [the Sandinista government] going to do it?" U.S. Ambassador to Nicaragua Phyllis Powers asked in an interview published Monday in the Nicaraguan news magazine Confidencial. "Because we have U.S. citizens who have property along the route."
SAN FRANCISCO, California – Uber has spent more on lobbyists in the U.S. state of California than Facebook and Apple combined to fend off regulations aimed at the heart of its worldwide business model.
Casa Presidencial said the change would free up traffic police to address other issues and clear the country’s congested roadways from unnecessary traffic jams.
The popular Gulf of Nicoya car ferry connecting Puntarenas and Paquera — a major gateway for both tourists and locals between the mainland and Nicoya Peninsula — was shut down Wednesday because of strikes and protests by people in Paquera demanding better roads.
The expansion from two to four lanes of the highway between Cañas and Liberia, Guanacaste, originally scheduled to be ready in May of last year, will take up to six more months past the previous July 2015 deadline set by the Public Works and Transportation (MOPT) earlier this year.
