Nicaragua Canal Gets Public Backing


HKND’s proposed Nicaragua Canal has received public backing from around 78% of the people of Nicaragua on the condition that it diverts one of its proposed routes 500 metres away from the town of El Tule – which opposes the project, according to Bloomberg.

The cost to change this route is anticipated to cost US$700 million.

HKND said: “Both in the current time and future, we can confirm that the township of El Tule will not be affected by the canal and the town will not disappear.

“After canal construction is completed, everybody will have a better life.”

The US$50 billion ‘Grand Canal’ has previously ran into much scrutiny with regards to its environmental feasibility, with scientists predicting that the canal could have serious implications for some forms of marine life that live in Lake Nicaragua.

Thousands of Nicaraguan protestors have also reacted negatively to the planned canal, while accusing the Nicaraguan government of selling the country to the Chinese.

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