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Montevideo, July 17th 2024 - 14:13 UTC

Tag: Wang Jing

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

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

    President Ortega and Chinese tycoon Wang Jing during the announcement ceremony

    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.