Canal project is on hold due to impact and feasibility concerns

Questions regarding the feasibility and environmental impacts of Nicaragua’s planned US$50 billion trans-isthmus canal have delayed construction on the project until March. The decision to postpone the project comes after ERM, the British company that conducted the Environmental and Social Impact Assessment [ESIA], expressed the need for further research. The Nicaraguan government has now ordered new studies to examine seismic risks in the canal zone and whether there is enough fresh water to fill the canal’s locks reliably as ships pass through. On Sept. 30, HKND, the Chinese company behind the project, released a 113-page executive summary of ERM’s 14-volume assessment. In it, the consultants express concern about the canal’s short five-year construction timeline, the social effects on resettled communities... [Log in to read more]

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