Its promoters claim that the resources to build it are there, with no more details, but the announcement of the postponement of the start of the mega work following the huge losses suffered by Wang Jing in the chinese stock market, has only increased the doubts.
Doubts about the feasibility of this project have been present since it was first announced, but they now appear to be increasing given the contradictions arising from the information that the project spokespersons themselves have been giving out.
The government has announced that it is analyzing with the Russian authorities ways in which to include their participation in the construction of the work.
Russia has announced through its Deputy Foreign Minister Sergey Ryabkov that it is willing to participate in the construction of the Canal of Nicaragua project and is currently developing concrete forms of cooperation in the work given in concession to the Chinese company and Group HKND estimated at $40 billion.
The hitherto largely unknown businessman Wang Jing emphasizes mega project's separation from the Chinese government, while announcing agreements with large companies for its construction.
A Reuters article reports that Wang Jing, who heads the Grand Interoceanic Canal of Nicaragua project is ignoring the skepticism about how a little known entrepreneur can run such a huge transcontinental project, while insisting that he is not an agent of the government in Beijing .
The Nicaraguan business delegation that visited China returned with objective grounds for believing in the realization of the project by the company HKND.
An article in Elnuevodiario.com.ni summarizes the opinion of Arturo Cruz, an analyst, diplomat and scholar, and member of the Nicaraguan delegation recently returned from China, where they met the businessman Wang Jing who revealed information on the relationship between him and his company HKND with the Chinese business political system.
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