Did you know Hong Kong will be in our backyard for the next 100yrs. [View all]
A Chinese company has launched work on a $50bn canal across Nicaragua, an ambitious rival to the Panama canal that sceptics dismiss as a pipe dream and environmentalists say will wreck the country’s ecosystem.
The Chinese telecoms magnate behind the canal, Wang Jing, inaugurated the project at a ceremony in the southern town of Rivas that was moved forward by several hours after anti-canal activists called protests.
“Today we are going to begin initial work on the Nicaragua canal with the support of the government, the understanding and strong support of the Nicaraguan people,” Wang said in Rivas, the epicentre of three months of demonstrations against the canal.
Wang’s Hong Kong Nicaragua Development Investment (HKND) company says 300 workers will build the roads and a port, the first of 50,000 people who will be hired to construct the huge 280km (174-mile) waterway connecting the Pacific Ocean and the Caribbean Sea.
Read more:
http://www.theguardian.com/world/2014/dec/22/protests-nicaragua-starts-work-50bn-interoceanic-canal
http://en.wikipedia.org/wiki/Nicaragua_Canal
This seems to me a replay of the Cuban Missiles situation of the the 1960's.
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