The FSLN-controlled legislative assembly approved the mega-project under a cloud of secrecy in a record seven days. There was no public consultation, no feasibility or environmental studies were presented, and there was no parliamentary debate—a surprising approach given this would be the world’s biggest civil engineering and construction project, traverse the country’s most important fresh water source and destroy protected natural reserves where 22 endangered species live. The 100-year concession agreement, published only in English, gives Jing carte blanche to build and manage the giant waterway, as well as numerous sub-projects including two deep sea ports, a free trade zone, an airport, cement and explosive factories, an electricity plant and upmarket hotels. Or not. The company is indemnified against any delays caused by protests or legal challenges, but Nicaragua would not be compensated if the canal is abandoned.
Posted on: Mon, 01 Dec 2014 06:40:08 +0000
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