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Weekly Report - 21 November 2024 (WR-24-46)
NICARAGUA: Ortega revives an old initiative
Nicaragua’s President Daniel Ortega has unveiled a new route for the ‘Gran Canal’, which would link the country’s Caribbean and Pacific coasts. The mega-project was initially floated over a decade ago but appeared to have been abandoned after Hong Kong Nicaragua Canal Development Investment Company (HKND), the Chinese company which won the US$50bn concession to build, operate, and manage the initiative, was dissolved. Yet there are signs that, amid other plans for alternatives to the Panama Canal which have gathered pace [WR-24-16], the Ortega government is seeking to revive it.
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