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Friday, January 29th, 2016  |  USD: Buy 531.29 / Sell 543.92
20 years

$50 billion Chinese canal project in Nicaragua to be further delayed


This story is part of our ongoing coverage of the Nicaragua Canal project. Click here for more.

HK Nicaragua Canal Development Investment Group (HKND), a Chinese infrastructure firm, announced Wednesday that it was delaying the construction of a $50 billion canal across Nicaragua to late 2016, but gave no reason for its decision, according to reports. The Hong Kong-based developer had received approval to assess the environmental impact of the canal earlier this…

This story is part of our ongoing coverage of the Nicaragua Canal project. Click here for more.

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