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Nicaragua announces that construction of inter-ocean canal begins this year

Monday, January 13th 2014 - 07:27 UTC
Full article 26 comments

President Manuel Ortega said on Saturday that the construction of a massive inter-oceanic canal in Nicaragua that could significantly alter global trade would start at the end of 2014. Ortega gave a Chinese group a concession to manage the future shipping channel for 50 years, with the possibility to renew the contract for another 50. Read full article

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  • ChrisR

    Oh dear, looks like Panama should have got it's act in order sooner and not relied on the Spanish!

    The only thing you can rely on with the Spanish is to fuck it up, overcharge for it and blame everybody else when it all turns to shit. What a people: what a language!

    Spanish / Espanol: why use eight English words to describe an idea perfectly when 50 Espanol ones won't! © ChrisR 2014

    Jan 13th, 2014 - 04:10 pm - Link - Report abuse 0
  • GeoffWard2

    The National Assembly controlled by Ortega's Sandinista party approved :
    1. giving Beijing-based telecommunications CEO Wang Jing a 50-year renewable concession of 100 years, to build a canal more than three times the length of the Panama Canal, as well as
    2. tax-free side projects including ports on Nicaragua's Pacific and Atlantic coasts,
    3. an oil pipeline bisecting the country,
    4. a cargo railway,
    5. two free-trade zones and
    6. an international airport.'

    ”It's basically handing over the whole country - water, air and land, (to China) without any studies”

    http://www.dailymail.co.uk/news/article-2523188/Chinese-waterway-Nicaragua-thatll-longer-Panama-Canal.html#ixzz2qIZQNsqQ

    Read it, it is a good report!

    Jan 13th, 2014 - 04:57 pm - Link - Report abuse 0
  • Think

    (2) GeoffWard2

    The DailyMail???

    Even so....... It's a much better deal than the one Panama got from the Americans.....

    Them Yanks even killed my dads fishing-buddy in the process (O.T.)

    Jan 13th, 2014 - 06:21 pm - Link - Report abuse 0
  • Pugol-H

    “This is a worse deal than the original Panama Canal deal, which was not a good deal and not a deal that Panama voluntarily signed,”

    Hmm!!!

    “Compensation can come from state coffers, including the reserves of the central bank, under a waiver of Nicaragua's sovereign immunity.”

    No need to go to the USSC on this one then.

    Jan 13th, 2014 - 06:53 pm - Link - Report abuse 0
  • Briton

    WELL well
    Lucky old china,
    Its very own canal
    It can put through what it wants , when it wants , how it wants , and then shut it when it wants,

    this gate way will be good for china,
    and bad for us lot having to rely on panama..lol
    .

    Jan 13th, 2014 - 08:04 pm - Link - Report abuse 0
  • Pugol-H

    @5 Briton
    Not to worry, global warming and the rapidly melting Arctic mean a NW passage will soon be open all year round.

    Making both canals pretty much redundant.

    Jan 13th, 2014 - 09:19 pm - Link - Report abuse 0
  • ChrisR

    @ 6 Pugol-H

    Yes, of course, this used to be open but I wonder what closed it: ah, it was a mini ice age just like the one we are going into again!

    Nice try, no prize.

    Jan 13th, 2014 - 09:37 pm - Link - Report abuse 0
  • GeoffWard2

    Think #3

    Yes, I was surprised to find a rather good article in such a 'rag'.

    But the key sentence for South America is:

    ”It's basically handing over the whole country - water, air and land, (to China) without any studies”
    [Nicaragua Opposition Spokesman]

    There's a warning there for all of us.

    Jan 14th, 2014 - 01:33 pm - Link - Report abuse 0
  • Stevie

    Told you lot before.
    Railways in most of SA.
    Deep sea port in Uruguay.
    Canal in Nicaragua.

    The plan is obvious. China needs to feed its people and we wont need the EU...

    Jan 14th, 2014 - 05:48 pm - Link - Report abuse 0
  • Briton

    China may very well end up with something it does not want or desire,

    It’s having trouble with territory disputes,
    Problems with north Korea, south Korea , then Japan , and the USA ,and Taiwan,

    Plus expansion will bring it into contact with others including the Philippines , India , and the rest,
    It is sandwiched between the hot plate and the frying pan,
    With nowhere to go,
    Lets hope she just sticks to making money at the moment..lol

    just a thought.

    Jan 14th, 2014 - 07:20 pm - Link - Report abuse 0
  • Stevie

    Briton
    I don't know the future of China, but I do know it's the longest standing nation on earth.
    For us, this means exporting food for infrastructure, instead of importing goods for protectionism...

    Jan 14th, 2014 - 07:33 pm - Link - Report abuse 0
  • Briton

    you may well have a point,

    but your countries future intentions,
    and china's intentions may well be to different things,

    im not saying it bad,
    you will do what you need for your country,
    and that's ok,

    but I suspect china has other motives,
    but time will tell on that one,
    they may yet surprise us all and turn out to be the good guys..

    Jan 14th, 2014 - 07:41 pm - Link - Report abuse 0
  • Stevie

    The only intention I see here, from a Chinese perspective, is assuring their people gave enough food for their people.
    SA is in desperate need of infrastructure.
    I think we should work with the Chinese in order to avoid ending up with an economy that is based on an ever growing consumption.
    For the same reason, it's impossible to deal with the EU. They have to come out as profitters on every deal they male, or their economy will end up red.
    You see, it's not about need or development, it's all about money...

    Jan 14th, 2014 - 07:51 pm - Link - Report abuse 0
  • Briton

    Well money is the root of all evil is it not?
    My info came by way of the
    http://thediplomat.com/category/china-power/
    China's rise inspires a mix of awe, fear and skepticism. But what will its global role be? Are we on the brink of a bipolar world? How will its neighbors respond? Will it all come crashing down?

    It has some interesting articles..

    just a thought.

    Jan 14th, 2014 - 08:17 pm - Link - Report abuse 0
  • Stevie

    Well, Briton, it's in the eye of the beholder, now isn't it?
    You talk about China from the perspective of Europe, your link does so from the perspective of USA.
    I understand things feels uncertain in your case...

    Jan 14th, 2014 - 08:22 pm - Link - Report abuse 0
  • Briton

    personally,
    china is a vast growing country, amongst others,
    we hear even some experts get them wrong,
    to understand what they really want for china,
    is to understand what others can do for them,

    many countries are very weary of china's intentions,
    she seems forgiving, but never forgets,
    yes I have doubts of the future,
    but think people from other pacific region's will have bigger concerns.

    Jan 14th, 2014 - 08:32 pm - Link - Report abuse 0
  • Stevie

    Briton
    China as a country has existed since before the Romans, the Greek and the Babylonians. They've had some disputes dwith Vietnam over the course of history and other than that, some bprder disputes is all one can blame them for.
    You will notice that the Chinese aren't invasive and other than the end of the monetary system as we know it, or the succumbing of the global market, you have little to worry about..

    Jan 14th, 2014 - 08:44 pm - Link - Report abuse 0
  • Briton

    thanks.

    Jan 16th, 2014 - 10:31 am - Link - Report abuse 0
  • ChrisR

    @ 17 Stevie

    I should read the history of China before you make yourself look an even bigger idiot than you currently do.

    Jan 16th, 2014 - 08:55 pm - Link - Report abuse 0
  • Stevie

    You should indeed...

    Jan 16th, 2014 - 09:03 pm - Link - Report abuse 0
  • ChrisR

    @ 20 Stevie

    I gave you credit for understanding English, I see I was mistaken.

    That will be the last time.

    Jan 17th, 2014 - 09:41 am - Link - Report abuse 0
  • Stevie

    I give you credit for understanding English too, Chris.
    Although I never call you an idiot...

    Jan 17th, 2014 - 03:53 pm - Link - Report abuse 0
  • ChrisR

    @ 22 Stevie
    “you make yourself look an even bigger idiot than you currently do.”

    Please check the above phrase and explain to me where I call you an idiot?

    Jan 18th, 2014 - 04:03 pm - Link - Report abuse 0
  • Stevie

    That phrase would mean that I, according to you, currently look like a big idiot...

    Jan 18th, 2014 - 04:45 pm - Link - Report abuse 0
  • ChrisR

    @ 24 Stevie
    “That phrase would mean that I, according to you, currently look like a big idiot...”

    Quite correct, but it doesn't say that you ARE an idiot, which is what you accuse me of.

    I do however think you are hypocritical when you live in Sweden and work for the Westerners that you despise so much and are completely out of touch over the Tupamaros in the present Uruguay, even Pepe has emolliated his view and gone back on the killings.

    But you know this, I have said so on many more than one post.

    Jan 18th, 2014 - 06:17 pm - Link - Report abuse 0
  • Stevie

    I despise westeners?
    Damn.... I didn't know that, Chris.... Cheers for letting me know, that's.... awful...
    And when did I move to Sweden?

    You sure we are talking about the same me here, Chris?

    Jan 18th, 2014 - 06:24 pm - Link - Report abuse 0

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