Friday 29 January 2016

Grand inter-oceanic canal or Nicaragua canal


A 50billion $ canal  in Nicaragua to connect Pacific Ocean to Atlantic Ocean. The project is given to Chinese Weng Company for 50 years concession. It became highly debatable and country is divided in two groups.
  1. Support: due to job creation; economic development; cargo traffic through it challenge panama canal; port development; etc ..
  2. Opposition: damage to environment; ecology; displacement of people; livelihood issues; economic targets challenged; procedure followed is doubted; impact assessment issues;


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