Nicaragua’s congress finally canceled on Wednesday a controversial canal concession granted to a Chinese businessman that critics said endangered the environment and threatened to displace rural ...

Dive into one of the most ambitious and ultimately failed infrastructure projects of the modern era , Nicaragua’s plan to build its own canal. With global shipping traffic growing at an explosive rate ...

Beijing is eager, Yip said, to secure energy supplies, and a canal in Nicaragua would provide an additional avenue for commerce between China and key trading partners. "From China's point of view ...

Flores said Chinese workers came to his house on ... Manuel Coronel Kautz, the president of Nicaragua’s Grand Canal Authority, said the study’s purpose was to “provide an objective, current ...

"With this great canal, Nicaragua expects to move 5 percent of ... Nicaragua's Sandinista government and a consortium led by Chinese telecoms billionaire Wang Jing. Critics wonder how the little ...

A $50 Billion Chinese Canal in Nicaragua? "One thing's for certain: it can't be doing it for the money. Financially the numbers don't add up." There is pride in Hong Kong that a local private ...

After all, the deal brokered with Beijing requires Nicaragua to cede control of the area surrounding the canal to the company created by Wang Jing, one of China’s most mysterious business figures.

Ortega, 69, is accused of surrendering Nicaraguan sovereignty, since the 100-year canal concession gives Chinese telecommunications magnate Wang Jing and his Hong Kong Nicaragua Canal Development ...

Ortega's backers say the Chinese will transform one of the ... mimic the prosperity of nearby Panama and its U.S.-built canal. "One of Nicaragua's great riches is its geographic position.

The Chinese company, HK Nicaragua Canal Development Investment Co. Ltd., is working with the Nicaraguan government on a massive canal project experts say could take 11 years to finish, cost $40 ...

After nearly a decade, Nicaragua's congress finally canceled on Wednesday a controversial canal concession granted to a Chinese businessman that critics said endangered the environment and ...