The Nicaragua Canal - Does the Largest Excavaction Project in Human History Stand a Chance?
Published On: June 23, 2015
Commodity Report - Crude Oil - May 2015
The proposed Nicaragua Canal project is being run by a Hong-Kong based corporation, the Hong Kong Nicaragua Canal Development Investment Company (HKND), and led by 42 year-old Chinese telecom billionaire Wang Jing. The project, though receiving considerable media coverage, has not yet moved beyond the front-end engineering phase. Perhaps not wishing to test the limits of the nearly 200-year-old Monroe doctrine – which considers the presence in Latin America of other foreign powers as a threat to US interests in the region – Wang insists that the Chinese Government is not involved and that the project is more of a monument to internationalism than a Chinese push into the US’ backyard: “’Now the global economy is so developed, you can’t say anything is in anybody’s backyard’, he said. ‘This canal will benefit the US economy. I think Americans will be happy to see it.’”..... Download full report.May 2015