Nicaragua is one step closer to being carved in half by a massive cross-country canal. Leftist President Daniel Ortega rammed the project through his country’s congress last week.
The lawmakers gave the Hong Kong-based HKND Group a 50-year concession to excavate and operate the canal, which is intended to rival Panama’s. If it’s actually built — and that’s still a big if — it promises to give an economic boost to the bitterly poor country. Nicaragua would get a minority share of profits and, say backers, tens of thousands of jobs too.
But critics warn that would come at the expense of the environment and clean water supplies. From Agence France-Presse:
Centro Humboldt environmental group deputy director Victor Campos told AFP the project to link Nicaragua’s Atlantic and Pacific coasts will jeopardize the watershed that supplies water to most of the impoverished country’s population when it transits through Lake…
View original post 385 more words