Ortega refuses Grand Inter-Oceanic Nicaragua Canal
Nicaragua’s new President Daniel Ortega seem unlikely to continue his predecessor’s $18 billion project for a transoceanic canal through Lake Nicaragua, Central America’s largest drinkable water reserve, according to a report by Prensa Latina.
Former President Enrique Bolanos in October unveiled plans for the Grand Inter-Oceanic Nicaragua Canal, which he said could be built in 12 years and be useable by ships of up to 250,000 deadweight tonnage (December American Shipper, pages 52-55).
“I think that would put the lake at risk. Not for all the gold in the world we should endanger the lake,” Ortega said.
Ortega refuses Grand Inter-Oceanic Nicaragua Canal
