Tag: China's HK Nicaragua Canal Development Investment Co. Limited

• Tuesday, December 23rd 2014 - 06:28 UTC

  Groundbreaking of Chinese-backed Nicaragua Canal commences

  

  Protesters, skepticism did not stop the administration of President Daniel Ortega. Project seeks to reshape country's poor economy,

• Monday, January 13th 2014 - 07:27 UTC

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

  

  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.

• Friday, June 14th 2013 - 08:20 UTC

  Nicaragua approves transoceanic canal to rival with Panama and to be built by Hong Kong company

  

  The Nicaraguan Congress has approved a proposal to have a canal built linking the Pacific and the Atlantic Oceans. A Hong Kong-based company has been granted a 50-year concession to build the waterway, which will rival the Panama Canal.

• Tuesday, June 11th 2013 - 05:18 UTC

  Fast-track debate in Nicaragua to consider Chinese project for an inter-ocean canal

  

  Nicaragua is moving closer to granting a Chinese company a 100-year concession to build and operate a canal linking the Atlantic to the Pacific.
  Construction of the waterway would take 10 years and cost 40 billion dollars.