Hmmm.... I don't see any official support from the Chinese government. The Chinese connection is a Hong Kong company that would likely have to drum up investors to fund the project. But as TJ says: "(i) mainlanders are gullible and many fall prey to financial scams of one sort or another, and enough involve laughably ridiculous, funnily amateurish, and totally wild financial instruments - i occasionally get ask about the veracity of some seeming good fortune opportunity" :o)
Nicaragua canal fast-tracked with Chinese boost
news.yahoo.com
The Chinese company, HK Nicaragua Canal Development Investment Co. Ltd., is working with the Nicaraguan government on a massive canal project experts say could take 11 years to finish, cost $40 billion and require digging about 130 miles (200 kilometers) of waterway.
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The opposition Sandinista Renovation Movement, which split in 1995 from Ortega, has tried to slow down the debate by demanding more information about the developers, while other critics have questioned the plan's viability just a few hundred miles northwest of the Panama Canal.
The Chinese company's director, Wang Jing, is also listed in the same role in 12 other existing or dissolved Hong Kong companies.
"If this information isn't forthcoming, we can assume this is a swindle, a deal with a front company to get a concession, and then sell the rights to someone else," the renovation movement party said in a statement. "It's a corrupt deal to make a lot of money with fake investors." |
