. Medical and Hospital News .




TRADE WARS
Chinese firm get concession for Nicaragua canal
by Staff Writers
Managua (AFP) June 6, 2013


Nicaraguan President Daniel Ortega said a concession to build an inter-oceanic canal across his Central American nation was awarded to an unnamed Chinese consortium based in Hong Kong.

A lawmaker said the waterway would cost $40 billion to build.

Ortega made the announcement late Wednesday at ceremonies welcoming new ambassadors from Brazil, Canada, Switzerland, Saudi Arabia and Kuwait. He encouraged these countries to invest in the canal.

The ambitious project, Ortega said, includes a conventional canal, a "dry canal" -- a rail line -- as well as two airports and an oil pipeline to move petroleum from the Caribbean to the Pacific.

Work on the canal should begin in May 2014 after a feasibility study is completed, the president said.

Ortega sent to the National Assembly a bill that would set the legal framework for building the canal.

Opposition lawmaker Eliseo Nunez told reporters the bill "would give a 100 year concession, like that given to the United States (to build and operate the Panama Canal), and that the Chinese were going to build the canal, which would cost $40 billion."

Oddly, Nicaragua and China do not have formal diplomatic relations because of Managua's ties with Taiwan. But Nicaragua and China maintain economic relations.

In September 2012 Ortega said that the China-based HK-Nicaragua company would conduct the feasibility study to build the canal. In the Wednesday announcement he mentioned no names, but did say the concession was given to a consortium based in Hong Kong and formed by Chinese companies.

Plans to build a canal across Nicaragua date back many years, but were overtaken in 1914 when the 82-kilometer (51-mile) Panama Canal was completed.

In recent years, however, Nicaraguan governments have revived the concept as a way to promote development in the poorest country in the Americas after Haiti.

When the National Assembly authorized building the canal in mid-2012, it said the project would be operated as a joint public/private partnership, with the state maintaining a 51 percent stake.

.


Related Links
Global Trade News






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review

Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

Get Our Free Newsletters
Space - Defense - Environment - Energy - Solar - Nuclear

...





TRADE WARS
China's Xi visits Maya ruins, ending Mexico trip
Chichen Itza, Mexico (AFP) June 6, 2013
Chinese President Xi Jinping ended his Mexico trip Thursday with a sun-filled tour of the ancient Mayan ruins of Chichen Itza, accompanied by his host Enrique Pena Nieto and their wives. The Chinese leader's three-day visit, aimed at boosting economic ties with a resurgent Mexico, was made more notable by the starring role of his wife Peng Liyuan, a famous soprano in her home country. Pe ... read more


TRADE WARS
More radioactive leaks reported at Fukushima plant

Japan disaster cash spent on counting turtles: report

Agreement over Statue of Liberty security screening

No health risk from Fukushima radiation: UN

TRADE WARS
Glitch puts off Indian navigation satellite launch by a fortnight

Orbcomm And Cartrack Deliver Telematics Solution For African Market

Narayansami Inaugurates ISRO Navigation Centre

Advanced aircraft detection to prevent 'friendly fire' mishaps

TRADE WARS
Turning point for early human diets occurred 3.5 million years ago

Tourism imperils way of life for Thai sea gypsies

Study: African terrain may have pushed humans into walking on two feet

170,000 living in subdivided flats in Hong Kong: study

TRADE WARS
Extinct frog hasn't croaked -- it's a 'living fossil'

How the turtles got their shells

Sumatran elephants found dead, poisoning suspected

Apes get emotional over games of chance

TRADE WARS
Mosquitoes reared in cooler temps more susceptible to viruses

Cracking the Code of HIV; Providing An Up-Close View of the Enemy

No benefit from double dose of Tamiflu for flu: study

Singapore bracing for worst dengue epidemic

TRADE WARS
China blocks Tiananmen anniversary remembrance

Hong Kong marks Tiananmen as China blocks remembrance

Hong Kong to mark Tiananmen anniversary with huge vigil

China urges US to 'stop interfering' over Tiananmen

TRADE WARS
Global cybercrime ring targeted by Microsoft and FBI

Report: Belgian army sold helicopters to firm linked to trafficking

US feds 'kidnapped' suspected druglord: Guinea-Bissau

US ships look to net big contraband catches in Pacific

TRADE WARS
Outside View: Economy adds 175,000 jobs in May but trouble ahead

China industrial output slightly weaker in May

Outside View: Sub-par U.S. jobs growth expected

China's home prices pick up in May: survey




The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement