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.
MANAGUA, Nicaragua – The Telica Volcano in northwestern Nicaragua erupted Wednesday, sending up dense columns of ash that settled over six surrounding villages, civil defense officials in the area said.
A man who shot up an anti-government protest in Nicaragua last week says a government critic put him up to it. Others say the Sandinista party was behind it.
A Texas court on Tuesday stayed the execution of a Nicaraguan convicted of murder, whose death had been scheduled for Wednesday over the objections of his own government.
MANAGUA, Nicaragua – Nicaraguan officials and activists called on the United States Monday to cancel the execution in Texas later this week of Bernardo Tercero, the only Nicaraguan national on death row in the U.S.
"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."
