Russia to build Canal in Nicaragua

The Nicaraguan government has announced that Russia is interested in supporting the construction of an inter-oceanic canal in Nicaragua to facilitate maritime trade between the Atlantic and Pacific.

Monday, September 22, 2008

The Russian support will be defined insofar as bilateral relations are developed, indicated government minister, Samuel Santos.
Nicaragua currently has three canal projects under review and has not been able to carry them out due to lack of financing.

More on this topic

Russia Reconsiders Plans for Nicaraguan Channel

January 2010

Russian authorities announced they must reevaluate the conditions for the construction of an inter-oceanic channel in Nicaragua.

A year ago, Russian president Dimitry Medvedev agreed to analyze the participation of Russia's private and public sectors in the construction of a $18 billion channel linking the Pacific with the Atlantic Ocean through Nicaragua.

Nicaragua's Interoceanic Canal

June 2012

Does this project have real and practical bases, which means we should pay attention to it?

EDITORIAL

CentralAmericaData.COM's vision is to select and validate business news that matter to the region. The modern Central American entrepreneur simply does not have time to do so, and this is the service we provide, therefore, given the publicity the press in general has given to the intereoceanic canal project promoted by President Ortega, we have an obligation to analyze and comment from a business standpoint.

Interoceanic Canal ... Also in Honduras

June 2013

Without disclosing details on how the feasibility study will be financed, the government has announced an agreement with the construction company China Harbour to develop a dry inter-oceanic canal.

From a statement from the Presidency of Honduras:

The Government of President Pepe Lobo is preparing Amemorandum of understanding in order to build an Interoceanic Railway.

Presidential Support for Inter-Oceanic Corridor in Guatemala

July 2013

Otto Pérez Molina said it is a private project, "in which the State of Guatemala will not invest resources, but will act as supervisor of the processes and of the use of any financial contributions as well as of environmental protection measures ."

The Guatemalan president's remarks could jeopardize the state's responsibility to potential investors in the project, which, so far, has not had its economic and financial viability demonstrated.

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