Nicaragua Inching Towards Canal Construction with Financing from Chinese Firm
Nicaragua has signed a memorandum of understanding with a Chinese company on financing for a $30 billion inter-oceanic canal, a government official told Efe on Friday.
The document was signed by Nicaraguan deputy foreign minister and president of the Grand Interoceanic Canal Authority, Manuel Coronel Kautz, and the head of the HK Nicaragua Development Inversion Company, Wing Jang, the official said.
In the MOU, the Nicaraguan government authorized the Hong Kong-domiciled firm to structure and manage the financing for the project, President Daniel Ortega said in comments posted on the government Web site El 19 Digital.
Nicaragua has also sought financing for the project from Brazil, China, Russia and Venezuela.
The Nicaraguan Congress, controlled by Ortega’s allies, approved a bill on July 3 authorizing construction of the inter-oceanic canal project, a joint public/private venture in which the state will have a 51 percent stake and offer the remaining 49 percent to countries, international organizations, corporations or individuals.
Initial projections are that the canal could be partially completed by 2019, when it would have the capacity to accommodate 416 million metric tons, or 3.9 percent of global maritime cargo.
The canal construction zone also will be declared “of public use,” with owners of the affected properties to be compensated by the Nicaraguan government within a period of no more than 10 years.
Nicaragua is studying six potential routes, all of which traverse a section of Lake Nicaragua and one that would have ships navigate a portion of the San Juan River, the Nicaraguan-controlled waterway that forms the country’s border with Costa Rica.
Three Dutch companies currently are conducting pre-feasibility studies for the construction of the canal, the Nicaraguan government says.
Published in Notitas de Noticias
2012-09-08 10:00:38
Source:
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Online: | |
| Visits: | 1,687,165,505 |
| Stories: | 8,388,249 |
Whistler Blowers, Insiders
