- Paying the bills -

Iran Interested Nicaragua Canal

Nicaragua president Daniel Ortega (L) and Iran's Foreign Minister, Mohammad Javad Zarif (L)
Nicaragua president Daniel Ortega (L) and Iran’s Foreign Minister, Mohammad Javad Zarif (L) on August 23, 2016

(TODAY NICARAGUA) Iranian Foreign Minister Mohammad Javad Zarif said Tuesday in Nicaragua his country is interested in participating in the proposed, currently run under the control of a Chinese company.

The diplomat, touring Latin America, said relations between Iran and Nicaragua “are excellent”.

“I am accompanied by delegation of representatives of the private and state sector. From the private sector, they are here in order to participate in the grand canal project,” said Javad according to the official translator.

- payin the bills -

The construction of the waterway project, three times larger than that of the Panama canal and at a cost of US$50 billion dollars was given in concession to the Chinese company HKND, which expects to complete the work by 2020.

However, the start of construction that was to have taken place two years, was postponed to the end of 2016.

Nicaraguan government spokeswoman and vice-presidential candidate, Rosario Murillo, said cabinet members demonstrated to the Iranian delegation the investment opportunities in the canal and other areas of the country.

Mohammad visited the Congress, where he was welcomed by members of ruling Sandinistas (Frente Sandinista), and planned further talks with President Daniel Ortega before leaving for Ecuador, according to Murillo.

- paying the bills -

Iran and Nicaragua narrowed diplomatic relations after Ortega’s return to power in 2007. The two countries maintained relations of cooperation during the Sandinista revolution in the 1980s.

Related Articles

President of Iran suggests Ortega seek “integration” with other countries to “neutralize sanctions”

TODAY NICARAGUA (Confidencial) Before leaving Nicaragua to continue his tour of...

Ortega banishes 222 political prisoners from Nicaragua

TODAY NICARAGUA - A total of 222 political prisoners of the...

MOST READ

- 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.