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Doubts deepen over Chinese-backed Nicaragua canal as work starts [View all]
Source: Reuters
Doubts deepen over Chinese-backed Nicaragua canal as work starts
BY GABRIEL STARGARDTER
MANAGUA Fri Dec 26, 2014 2:25pm EST
(Reuters) - When one of the poorest countries in the Americas and a little-known Chinese businessman said they planned to undertake one of the biggest engineering projects in history, few people took them seriously.
A year and a half after the $50 billion project to build a canal across Nicaragua was launched by President Daniel Ortega, a former Marxist guerrilla, the doubts have only grown.
Work officially began this week. But reporters hoping to see any evidence of how it would be done in a fraction of the time it took to build the much-shorter Panama Canal, or discover who would pay for it, were left with more questions than answers.
At events marking the start of what is meant to be a five- year job, Nicaraguan officials and the Hong Kong-based company behind the canal dodged questions about its financial backers, mounting delays and whether Washington had been consulted.
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BY GABRIEL STARGARDTER
MANAGUA Fri Dec 26, 2014 2:25pm EST
(Reuters) - When one of the poorest countries in the Americas and a little-known Chinese businessman said they planned to undertake one of the biggest engineering projects in history, few people took them seriously.
A year and a half after the $50 billion project to build a canal across Nicaragua was launched by President Daniel Ortega, a former Marxist guerrilla, the doubts have only grown.
Work officially began this week. But reporters hoping to see any evidence of how it would be done in a fraction of the time it took to build the much-shorter Panama Canal, or discover who would pay for it, were left with more questions than answers.
At events marking the start of what is meant to be a five- year job, Nicaraguan officials and the Hong Kong-based company behind the canal dodged questions about its financial backers, mounting delays and whether Washington had been consulted.
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Read more: http://www.reuters.com/article/2014/12/26/us-nicaragua-canal-idUSKBN0K410620141226
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