Nicaraguan assembly OKs $40 bln Chinese canal to rival Panama's

[Socialistlemur]

18. I have worked planning mega projects, they tend to overspend

I have worked in teams planning very large projects such as this one. They usually don't get carried out, either financial or environmental reasons kill them. I'm surprised the Nicaraguans would give a concession to a company headed by a telecoms entrepreneur from China without having any idea of the financial aspects, environmental impacts, labor commitments, or other critical issues which have to be considered. This tells me the deal was done by the President or somebody close to him who has negligible education in the field. Knowing the Chinese, they signed a deal to get it locked, and will now spend years doing studies. In the end it's highly doubtful they will dig a canal, but whatever they do is almost guaranteed to bring tens of thousands of Chinese laborers, exploited by the inhuman savage capitalists who call themselves "Chinese communists". It's all a big joke.