Chinese Billionaire Signs Deal for 100 year Takeover of Nicaragua’s New ‘Grand Canal’ Project President Ortega handed a 100-year concession to Chinese telecommunications magnet Wang Jing and Wang’s Hong Kong-based HKND Group (registered in the Cayman Islands). In addition to Lake Nicaragua, Wang’s lucrative concession also includes control over giant tracks of Nicaraguan private and public required to build and manage the canal. The Chinese also net a number of other sweeteners in the deal – including two ports, free trade zones, airport, and hotel and resort properties. 21stcenturywire/2014/10/31/chinese-billionaire-signs-deal-for-100-year-takeover-of-nicaraguas-new-grand-canal/
Posted on: Sat, 01 Nov 2014 05:57:17 +0000
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