Nicaragua has announced the start of work on a new canal linking the Atlantic and Pacific Oceans. At an opening ceremony, Wang Jing, the president of HKND, the Chinese company building the canal, said this moment would go down in history.
The Grand Canal of Nicaragua, as it has been called, aims to rival Panama’s waterway and lift the country out of poverty. The opening ceremony was largely symbolic, as work began on an access road for machinery needed to build a port for the canal on Nicaragua’s Pacific coast.
Nicaragua’s Vice-President Omar Halleslevens said the canal would change the history and the economy of Nicaragua, one of Latin America’s poorest countries.
“With this great canal, Nicaragua expects to move 5% of the world’s commerce that moves by sea, which will bring great economic benefits and double the GDP (gross domestic product),” said Mr Halleslevens.
Dear User/Visitor! Please, answer on our questions: tick off one of the positions – your answer will make us able to improve our site and make it more interesting and useful!