The coast near Brito, Nicaragua - the proposed Pacific entrance for the Canal.
Even if the Canal is not built, there may be millions of dollars to be made for those involved, and benefits for Nicaragua.
By Dr. R. Evan Ellis
On November 20, 2014, the government of Nicaragua announced that work on the much discussed Nicaragua Canal project would begin on December 22nd. The revelation — in the absence of an overarching environmental impact study, a detailed plan for the project, or a public bidding process to select the firm to perform the work — is but the latest chapter in a project whose details have been shrouded in secrecy, and which has generated a new cycle of speculation and suspicion with each passing phase.
Without ruling out that the canal could eventually be built, this article argues that the $50 billion megaproject principally creates a circus of activity, within which both the Hong Kong-based businessman Wang Jing and persons affiliated with the family of Nicaraguan leader Daniel Ortega can make hundreds of millions of dollars in work and commissions on commercial projects in the next several years until the current version of the scheme is ultimately discredited.
The initial focus of the canal project is likely to be the development of a new commercial port at Brito, accompanied by a commercial free trade zone, and possibly an airport near the city of Rivas, projects which are commercially lucrative even if the canal itself is not built.
On July 7th of this year, Brito was announced as the Pacific-coast entrance of the …
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