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China to Build $40-Billion Canal Through Nicaragua
William F. Jasper thenewamerican.com Nicaraguan President Daniel Ortega appears to be back on track with closing a deal for Communist China to begin building an inter-oceanic waterway to rival the Panama Canal. The South China Morning Post, on October 29,reported: A top-level Nicaraguan delegation — headed by the president’s son — traveled to mainland China and Hong Kong last week to discuss what could be the world’s largest waterway project, the South China Morning Post has learned. The 21 politicians, academics and leading businessmen were hosted by HKND, the Hong Kong-based developer established only last year, which has been tasked by the Nicaraguan government to build a $40-billion (HK$310-billion) canal through the Central American country. Laureno Facundo Ortega Murillo, the son of Nicaragua’s president Daniel Ortega, led the group, which travelled to Beijing, Wuhan, Xuzhou, and Hong Kong. to read more click here: thenewamerican.com
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