Ortega: Pledges Canal ‘A Reality’

“We have not renounced the great interoceanic canal," says President Daniel Ortega

“We have not renounced the great interoceanic canal," says President Daniel Ortega

Nicaragua’s president Daniel Ortega pledged on Tuesday, August 13, to make the country’s controversial canal development “a reality”.

The President assured that new environmental projects are being carried out to resume the megaproject.

- payin the bills -

“Environmental studies, which had already been submitted, are being prepared again, but adjustments have to be made,” Ortega said during the commemoration of the 39 Anniversary of the founding of the Naval Force of the Nicaraguan Army, held at the Olof Palme Convention Center, in Managua.

“We have not renounced (the great interoceanic canal),” said Ortega, criticizing the United States, England and Spain, because in the past that route was disputed.

“They disputed a territory that did not belong to them (because) who gave them Nicaragua?”, He declared.

- paying the bills -

“The powers, from England to Spain, want to dominate the route to make the canal, and then the United States with its troops intervening in Nicaragua…. Imposing a treaty on Nicaragua so that Nicaragua could not give any concessions to any country. It was when the United States said, as it means now, America for the United States, why? Because they had no competition in Europe,” added Ortega.

There is our commitment to continue working for the construction of the canal through Nicaragua,” he added, however, not giving any details of the process.

“It is no madness to think of a canal in Nicaragua,” Ortega said in defending the initiative, after remembering how in the 19th century that project aroused much interest in America and Europe.

Wan Jing head of the HKND Group

The announcement comes a month after the expiry of the concession granted in 2013 to Honk Kong Nicaragua Canal Development (HKND Group). The concession period that Nicaragua had granted the Chinese company expired on June 14, 2019, with no advances for the construction work in the six years, since HKND failed to obtain the US$50 billion dollar financing for the project.

Clause 15.2 of the framework agreement signed by the Ortega government with HKND established that if the financial closure of a subproject is not achieved within a period of 72 months, the Government or the corresponding sponsor will have the right to terminate the concession for such subproject.

- paying the bills --

Source: El Nuevo Diario in Spanish

 

Advertisements

Related Articles

My questions to the Sandinistas in times of pandemic

(Today Nicaragua/Confidencial) I was a Sandinista from 1970 to 1993. I...

The Nicaraguan Approach: Defy Science with Ignorance at the Helm

The newly released publication of guidelines the government has titled: “White...

MOST READ

Rosario Murillo: La Heredera (The Heiress)

Rosarion Murillo, the "eternally loyal" to her husband and political partner, Daniel Ortega. In a profile by Confidencial in October 2016, before her election as...

Better Air Connectivity Between Nicaragua and the US

The private companies' association is in talks with United Airlines to promote the opening of a route that connects Nicaragua with the east coast...

Nicaragua Unveils Central America’s Largest Baseball Stadium

Nicaragua has unveiled its long-awaited baseball stadium in Managua, replacing the former baseball field built in 1948. The new structure will hold up to...

Bianca Jagger Gets Into The Nicaragua Act Again

(American Thinker)  Remember Bianca Jagger? You know, the disco queen and former rock-star's wife turned leftwing "human rights activist" who was last seen mourning...

Nicaragua Praised by the IMF

The IMF noted the positive evolution of all the country's economic indicators, and the drastic fall in poverty, with an increase of 33% in...

What Are Some of Nicaragua’s Popular Food?

TODAY NICARAGUA - Nicaragua is an interesting place, with a tumultuous history and a relatively peaceful present. and even if many things can be...

Poll Shows Declining Expectations on a Nicaraguan Canal

According to the results of the most recent survey conducted by Cid Gallup, the Nicaraguan interoceanic canal project, a concession given to the Chinese...

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.