Five years after the big announcement made by President Ortega and the Chinese company HKND, of the famous project to build a large inter-oceanic canal in Nicaragua, there are only tales.

The mega-project promised at the time by the Ortega government was estimated at $50 billion and promised to be built in five years, from 2014 to 2019, and to start operations in early 2020. Among the figures announced by the Nicaraguan authorities were the 5,100 container ships of 25,000 tons that would transit the interoceanic route once it was in operation.

In an extensive report on the subject, Laprensa.com.ni details: “… Where five years ago the beginning of the project was celebrated, today there are only mountains that are devoured by horses. There is no trace of the Chinese, nor of the engineers who would build a deep-sea port in Brito for the ships to sail.”

“…Although it’s a failed mega-project, Ortega insists on this one. Last August he said that “it is not crazy to think about a Canal in Nicaragua… it is what I wanted to remember because since we have not talked about the Canal for a long time, what I wanted to remember is our commitment to continue working for the construction of the Nicaragua Canal.”

According to official information from HKND and the Canal Commission, its length was calculated at 278 kilometers. It would start in Punta Gorda, pass through Nueva Guinea, El Tule, Lake Cocibolga, enter through the Las Lajas River, and then the Brito River, until it reaches the Pacific.”

Source: laprensa.com.ni