Nicaraguan President Daniel Ortega and Chinese businessman Wang Jing hold up a concession agreement for the construction of the Nicaragua Canal. Photo: AP

Activists renew calls for controversial US$50 billion Nicaragua Canal project to be cancelled as Chinese tycoon’s cash runs dry

  • A deal signed between the Nicaraguan government and HKND Group includes a clause which would allow parts of the project to be cancelled this year
  • But human rights advocates worry President Daniel Ortega’s administration may still push for the project, which aims to rival the Panama Canal
Topic |   Nicaragua Canal

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Nicaraguan President Daniel Ortega and Chinese businessman Wang Jing hold up a concession agreement for the construction of the Nicaragua Canal. Photo: AP
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