U.S. Embassy in Nicaragua voices concerns over Chinese-led canal

January 7, 2015 12:26 AM

17 0

MANAGUA (Reuters) - The U.S. Embassy in Nicaragua said on Tuesday it was concerned by a lack of information surrounding the planned $50 billion, Chinese-led canal that would bisect the poor Central American nation.

Work began in late December on the 172-mile (278-km) waterway, which its Hong Kong-based developer HK Nicaragua Canal Development Investment Co Ltd (HKND Group) says will be operational by 2020, but so far it has been met with widespread skepticism.

Also read: CGI expanding in Louisiana; 400 new jobs projected

Read more

To category page