Less than three years from the projected completion in Nicaragua of a canal running from the Caribbean Sea to the Pacific Ocean, there is no trace of progress on the mega-project.
Nearly three years after Nicaragua granted a 50-year concession to the Chinese consortium HKND to build and operate an interoceanic canal, the megaproject has stalled, partly due to a severe drought that threatens the rivers and lake that will form part of the canal.
The international scientific community’s fears about the damage that will be caused by Nicaragua’s future interoceanic canal have been reinforced by the environmental impact assessment, which warns of serious environmental threats posed by the megaproject.
Nicholas Suchecki Guillén is blind. His dream was to visit the Panama Canal expansion works, touch the cement structures, and feel part of this new period of history in his country.
The new interoceanic canal being built in Nicaragua has brought good and bad news for the scientific community: new species and archeological sites have been found and knowledge of the local ecosystems has grown, but the project poses a huge threat to the environment.
Víctor Sánchez doesn’t want gold or the comfortable future income he was promised.
He just wants to live the life he has always lived on his farm along the Banks of the Las Lajas river – but the river is slated to become part of the route followed by the Nicaragua Interoceanic Grand Canal.
The law passed in Nicaragua to grant a concession to a Chinese company to build a canal between the Pacific and Atlantic oceans repealed legislation that protects Lake Cocibolca and its tributaries.