by Staff Writers
Managua (AFP) Sept 7, 2012
A Chinese company will conduct a study about the possibility of building a canal that would link the Atlantic and Pacific Oceans through Nicaraguan territory, President Daniel Ortega announced Friday.
According to the president, an agreement signed by the Nicaraguan government with HK-Nicaragua company authorizes it to conduct a feasibility study about building such a canal.
"This is an extraordinary and very important piece of news that may affect the future not only of Nicaragua, but of Central America as a whole," Ortega declared.
The current plan calls for building a canal from Monkey Point on Nicaragua's Caribbean coast to Puerto Corinto on the Pacific Ocean.
The announcement was made after Ortega met late Thursday with Chinese businessman Wan Jin, who is interested in Nicaragua's telecommunications sector.
Nicaragua and China do not have formal diplomatic relations because of Managua's formal ties with Taiwan. But the two countries maintain economic relations.
Global Trade News
Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.
Putin touts ex-Soviet bloc as Asia-Europe bridge
Vladivostok, Russia (AFP) Sept 7, 2012
President Vladimir Putin on Friday said Russia and a new bloc with ex-Soviet states were well-positioned to become a bridge between Europe and Asia, as he hosted a Pacific regional summit. The Russian strongman, who is hosting the weekend's APEC summit on Russky Island off the Pacific port of Vladivostok, said his efforts to unite Russia, Kazakhstan and Belarus into a post-Soviet economic bl ... read more
|The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement|