Nicaragua drops $80 million on Russian tanks
Global
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Global
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Nicaragua drops $80 million on Russian tanks

Zach Dyer - April 29, 2016

News Monday that Russia had shipped the first 20 of 50 battle tanks to Nicaragua rattled Costa Rican officials and left others scratching their heads. The $80…

Lawmakers dismiss attempt to block Nicaragua Canal
Business
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Business
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Lawmakers dismiss attempt to block Nicaragua Canal

AFP - April 12, 2016

MANAGUA, Nicaragua – Nicaragua's Congress has scuppered a bill backed by thousands of people hoping to block a cross-country canal project, saying the legislature does not have the authority to…

Nicaraguan indigenous, Afro-Caribbeans sue government over pressure for inter-oceanic canal
Business
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Business
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Nicaraguan indigenous, Afro-Caribbeans sue government over pressure for inter-oceanic canal

Lindsay Fendt - February 12, 2016

Indigenous and Afro-Caribbean leaders in Nicaragua filed a lawsuit against government officials last week after they were allegedly coerced into signing a document giving consent for a…

Indigenous and Afro-Caribbeans claim they were forced to negotiate over Nicaragua Canal
Business
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Business
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Indigenous and Afro-Caribbeans claim they were forced to negotiate over Nicaragua Canal

Lindsay Fendt - January 14, 2016

Under the gaze of government officials and masked policemen, Nicaraguan indigenous and Afro-Caribbean leaders say they were coerced into signing a document Sunday regarding the planned $50…

A year after work starts, little sign of Nicaragua canal
Business
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Business
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A year after work starts, little sign of Nicaragua canal

Blanca Morel | AFP - December 21, 2015

RIVAS, Nicaragua -- A year ago, to much fanfare, a Chinese consortium planning on building a canal across Nicaragua to rival the century-old one in neighboring Panama started initial…

Nicaragua approves environmental, social impact assessments to begin canal construction
Global
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Global
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Nicaragua approves environmental, social impact assessments to begin canal construction

AFP and The Tico Times - November 5, 2015

Nicaragua approved environmental and social impact assessments on Thursday so that construction could begin on a massive canal by Chinese firm HKND that would connect the Pacific Ocean to the…

Financial, environmental questions plague Nicaragua canal project
Business
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Business
144 views2

Financial, environmental questions plague Nicaragua canal project

Lindsay Fendt - October 7, 2015

It isn’t looking good for Chinese billionaire Wang Jing and his planned $50 billion Nicaragua canal project. New financial, social and environmental concerns have cast doubt on…

Nicaragua official goes to Washington to justify massive canal project
Business
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Business
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Nicaragua official goes to Washington to justify massive canal project

Larry Luxner - October 2, 2015

WASHINGTON, D.C. – The proposed $50 billion interoceanic Nicaragua Canal – the biggest earthmoving project in world history – will cut poverty in half, double the country’s GDP…

US concerns grow over possible Nicaragua Canal land expropriation, ambassador says
Business
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Business
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US concerns grow over possible Nicaragua Canal land expropriation, ambassador says

AFP - August 24, 2015

MANAGUA, Nicaragua – U.S. Ambassador to Nicaragua Phyllis Powers acknowledged that her government is concerned over the possible expropriation of land owned by U.S. interests in Nicaragua, where…

Nicaragua can’t stop dreaming of a canal
Business
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Business
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Nicaragua can’t stop dreaming of a canal

Justin Fox | Bloomberg View - August 21, 2015

Late last year, Nicaraguan authorities said that construction was about to begin on a $50 billion canal connecting the Atlantic and the Pacific. Hong Kong-based HKND Group,…