The opposition to the Nicaraguan government insists on greater transparency in the $500 million Atlantic port development project.
Edmundo Jarquín from the Sandinista Renovation Movement (MRS) questions aspects of the memorandum signed by Nicaragua’s Ports Authority and two companies from South Korea, in charge of the development.
Two Korean companies have signed an agreement with the Nicaraguan Ports Authority to design and build the Caribbean port.
The memorandum of understanding signed by the South Korean companies Dongmyeong Engineering & Architecture Consultants (DMEC) and Ox Investment states that the project will require investment of $500 million.
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