- Paying the bills -

Canal Progresses as Planned

Nicaragua Canal: China's Boondoggle or Brilliant Strategy?
Nicaragua Canal: China’s Boondoggle or Brilliant Strategy? Photo fo the Rio San Juan

TODAY NICARAGUA – Projects related to a canal in Nicaragua are progressing today as planned and negotiations on the properties in the site are in process, said Telemaco Talavera, member of the Commission of the Grand Canal.

Talavera, also president of the National Council of Universities highlighted the interest of European businesspeople, particularly from Spain, in participating in the construction of the canal.

- payin the bills -

The canal will have some 278 kilometers in length and a 105-kilometer section of that route will be across the lake Cocibolca.

It will cross the Brito river in Rivas, about 100 kilometers from the capital city, it will also cross the lake and the surroundings of the Tule river until the mouth of the Punta Gorda river.

Its total cost is valued at $50 billion USD and its construction is expected to last five years.

Along with the canal, there will be an airport, several roads, an area of free trade, resorts and two ports, one on the Pacific Ocean side and one on the Atlantic.

- paying the bills -

(Via Prensa Latina)

Related Articles

What is Daniel Ortega looking for in Russia?

TODAY NICARAGUA - "The Nicaraguan delegation has been able to verify...

Covid-19 deaths skyrocket throughout September in Nicaragua

TODAY NICARAGUA - In the past week, a total of 329...


- paying the bills -

Let's Keep This Going!

To be updated with all the latest news and information about Nicaragua and Latin America.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.