Isn’t this the same guy who wants to build a bridge from Miami to Havana? Kidding – but makes as much sense :> /
Under the agreement, HKND would raise the $40 billion needed to build the canal and would have the right to operate and manage it for up to 100 years before turning it over to Nicaragua. In the meantime, Nicaragua would have a controlling interest in the canal and receive income from it.
But there are many lingering questions. How HKND–apparently the only company to submit a bid–managed to land the deal, isn’t clear, leaving many Nicaraguans frustrated by their government’s lack of transparency. “Normally when you have a major infrastructure project you have to place bids, that is the law,” says Jorge Huete-Pérez, a biologist and president of Nicaraguan Academy of Sciences. “Here they overlooked the law and chose this company that has no experience building infrastructure.”
Exactly where the money to build the canal will come from is another mystery, as is the role, if any, the Chinese government will play. Wang Jing has denied that the government is involved in the project, as have government officials. But some analysts suspect otherwise.
via Why the Plan to Dig a Canal Across Nicaragua Is So Risky – Wired Science.




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