Accredited Business Consolidators Corp (fka ACDU)

[loophole lawyer]

https://www.reuters.com/world/americas/trump-says-he-might-demand-panama-hand-over-canal-2024-12-22/

[loophole lawyer]

https://www.nytimes.com/2024/12/26/us/politics/trump-panama-canal.html

[loophole lawyer]

https://www.latinnews.com/component/k2/item/103724.html?archive=3&Itemid=6&cat_id=835178:in-brief-nicaragua-refloats-gran-canal-initiative-to-china

[loophole lawyer]

https://tass.com/world/1890219

[loophole lawyer]

So……President Trump has expressed his opinion that the Panama Canal “may” need to be under the “control” of America. China (and Russia) would need to build the Nicaraguan Canal very quickly. For two reasons…..First, economics. Second, Military presence. In this game..military “TRUMPS” economics……..That the Panama Canal is in play will cause China to start the Nicaraguan Canal Sooner than later…just my opinion

[loophole lawyer]

WOW…….Russia is in on it to………. https://www.plenglish.com/news/2024/12/21/nicaragua-russia-assesses-interoceanic-canal-project/

[loophole lawyer]

But wait……There is MORE…… https://eadaily.com/en/news/2024/12/15/nicaragua-invited-russia-to-build-an-alternative-canal-to-panama

[loophole lawyer]

Nicaragua unveils new canal route in bid to rival Panama The canal project would comprise four segments, with President Ortega suggesting it could attract investment from both Chinese and US businesses. / bne IntelliNews
FacebookTwitterLinkedInTelegramFlipboardFeedly
By bne IntelliNews November 20, 2024
Nicaraguan President Daniel Ortega has unveiled plans for a 445-kilometre interoceanic waterway that would provide an alternative to the congested Panama Canal, presenting the proposal to Chinese investors at a regional business summit.

The new route would connect the Caribbean Sea to the Pacific Ocean, beginning at a planned deep-water port in Bluefields on the Caribbean coast. The canal would traverse northern Nicaragua via Lake Xolotlan (also known as Lake Managua) before reaching the Pacific through Puerto Corinto.

The announcement comes as the Panama Canal, which handles around 5% of global seaborne trade, faces significant challenges with water levels and vessel traffic, leading to lengthy delays. "Every day it becomes more complicated to pass through Panama," Ortega told delegates at the XVII China-Latin America and the Caribbean Business Summit in Managua, which drew representatives from 29 countries.

The Panama Canal has experienced a 29% decrease in ship transits over the past fiscal year due to severe drought conditions, according to the Panama Canal Authority (ACP). From October 2023 to September 2024, only 9,944 vessels passed through the canal, compared to 14,080 the previous year.

Nicaragua's ambitious project represents a shift from a previous canal initiative. In May, the government revoked a controversial concession granted to Hong Kong Nicaragua Canal Development (HKND) Group, which had proposed a different route through Lake Cocibolca.

As part of the new proposal, the Chinese company CAMC has signed a contract with Nicaragua's Ministry of Transportation and Infrastructure for the construction of the Bluefields port facility.

The canal project would comprise four segments, with Ortega suggesting it could attract investment from both Chinese and American businesses. He referenced historical precedent for the undertaking, noting that the United States had considered building a Nicaraguan canal as far back as 1854.

Environmental and financial analysts have previously questioned the feasibility of such projects in Nicaragua. However, the government maintains that the infrastructure development would boost regional trade and economic growth.

The initiative emerges as Nicaragua seeks to position itself as a crucial link in global maritime trade, though specific details about funding and environmental impact assessments have yet to be revealed.

[loophole lawyer]

Well….it appears that the Nicaragua Canal is back in play…… https://www.intellinews.com/nicaragua-unveils-new-canal-route-in-bid-to-rival-panama-354300/

[phillymike]

Great. What, if anything, could this mean for the shareholders in the ticker, formally known as ACDU?

[loophole lawyer]

Looks like it’s going to happen very soon!

[xanadu]

Seems he is looking for new players which does not indicate to me that he intends to drag along old investors. But some of the old shareholders were retired Nicaragua military and other insiders who also now hold seemingly worthless shares. Unless he sees a way to pacify them, and not exclude outsiders, us, there might be a dim chance we will be included in the resurrection. JMO.

[loophole lawyer]

Looks like it’s on again,
https://havanatimes.org/news/ortega-insists-his-nicaragua-canal-project-is-still-alive/

[xanadu]

I see it as simply putting both hands out in front of him, palms up, trying to catch any tidbit that might be shaken loose.

[loophole lawyer]

https://www.bnamericas.com/en/news/nicaraguas-interoceanic-canal-president-accuses-us-of-attempting-to-sink-project

[xanadu]

Just another article today that earlier plans could have possibly prevented. Sorry, just crying over spilled milk.
Hundreds of Cargo Ships Have Been Stalled at Panama Canal for Weeks and Counting
https://www.msn.com/en-us/money/markets/hundreds-of-cargo-ships-have-been-stalled-at-panama-canal-for-weeks-and-counting/ar-AA1fDkjN?ocid=msedgntp&cvid=7b6fa005625a4ded802f864370347b69&ei=20

[xanadu]

Oh, what a blessing our canal to the north could have been, or maybe could still be. Another problem erupting.
Panama Canal Drying Up And Hundreds Of Ships Are Stuck

Panama Canal Drying Up And Hundreds Of Ships Are Stuck
https://www.msn.com/en-us/weather/topstories/panama-canal-drying-up-and-hundreds-of-ships-are-stuck/ar-AA1fv1bW?ocid=msedgntp&pc=U531&cvid=1b7aecd7d394470ab78e41f135c257a7&ei=48

[loophole lawyer]

https://havanatimes.org/news/ortega-insists-his-nicaragua-canal-project-is-still-alive/amp/

[loophole lawyer]

Nicaragua's FM: Belarus might take part in Nicaragua Canal project

Denis Moncada Colindres
Denis Moncada Colindres
MINSK, 19 May (BelTA) – Belarus might participate in the construction of the Nicaragua Canal that can become an alternative to the existing Panama Canal, Nicaragua's Minister of Foreign Affairs Denis Moncada Colindres told journalists in Minsk, BelTA has learned.

Answering BelTA's question whether it is theoretically possible that Belarus could contribute to this grand project with its technologies and equipment, the foreign minister said: “During our conversation [with Belarusian President Aleksandr Lukashenko] we talked about cooperation in infrastructure. I would like to note that the Nicaraguan Canal and Development Project is running; it has not been put on hold. Therefore, of course, Belarus could also take part in infrastructure projects, including the project you have mentioned.”

In 2012 the National Assembly of Nicaragua approved the project to build the Grand Interoceanic Canal that would connect the Pacific Ocean and the Atlantic Ocean. The new interoceanic canal is projected to be longer, wider and deeper than the Panama Canal (opened in 1920) and to seriously relieve maritime traffic.

According to Denis Moncada Colindres, the meeting with the president of Belarus was fruitful. The parties reaffirmed their commitment to mutual support and solidarity, discussed promising cooperation projects, a possibility to supply equipment, as well as other matters.

“We have discussed the financial aspect of the projects that we plan to implement. First of all, this pertains to technology in agriculture, the supply of equipment for infrastructure projects, cooperation in education, bilateral trade. These are our key points of interest where we would like to align our positions. At the moment, we are discussing the specifics of joint projects that we intend to implement. Our primary goal is to create the necessary conditions, an adequate legal framework to implement these projects and explore other promising avenues of cooperation,” the Nicaraguan foreign minister said.

A reminder, Aleksandr Lukashenko suggested expanding bilateral relations with Nicaragua at the meeting with the foreign minister on 19 May. “We have everything in place today to build good, close relations. Here we count on the legendary leader of Nicaragua, whom we all love and respect in Belarus. I will ask you to convey best regards from the Belarusian people and me personally to Daniel Ortega. We admired his political activities,” the president said.

He assured that Belarus has everything that Nicaragua needs, and even in abundance. “While building our contacts, we need to create a legal framework for bilateral cooperation in the economy. This is a matter of time. I think if we get down to this now, we will be able to develop this legal framework and build deep economic contacts within a year. We are ready for this,” the Belarusian leader noted.

Belarus and Nicaragua are actively cooperating within the framework of international organizations. The bilateral trade is still rather small and is dominated by supplies from Belarus. The legal framework is under development. Work is underway to align key draft agreements that will lay the basis for trade and economic cooperation.

[xanadu]

Could sure use another canal.
https://www.msn.com/en-us/money/markets/this-is-going-to-get-worse-before-it-gets-better-panama-canal-pileup-due-to-drought-reaches-154-vessels/ar-AA1f1JCO?ocid=msedgntp&cvid=904b57acb5b449458faecfdbd2adac33&ei=45#image=1

[Iggy_Bot]

Got ya, i tried to put this so far out of my mind.. how these people can do this to others not even in jail.. hope theres a special place in hell waiting for him

[xanadu]

no, was speaking of the motel near the airport in Managua, Nicaragua, I had forgotten about the stateside place.

[Iggy_Bot]

Oh yes that motel in jersey..

[xanadu]

So sad. although you, like me, with the potential that was/is there, might do the same today. Our only consolation might be that apparently a large group of local retired gov't investors lost theirs too. That motel is not a rag to riches.

[Iggy_Bot]

Still have all my shares about 30,000 dollars worth, what a shame

[xanadu]

Tropical Storm Julia baring down on the gulf side with sights on BlueFields.

If bored there is an interesting history about Bluefields.
https://en.wikipedia.org/wiki/Bluefields

[xanadu]

A long opinion article about Nicaragua

Credentials of author.
Manuel Orozco is a senior fellow and the director of the Migration, Remittances and Development Program at the Inter-American Dialogue, a U.S.-based policy think tank. He also serves as a senior fellow at Harvard University’s Center for International Development and as a senior adviser with the International Fund for Agricultural Development. He works directly with migrant organizations and nationalities in several countries and provides advice on diaspora engagement and financial independence.

https://thehill.com/opinion/immigration/3646934-nicaraguas-dictatorship-is-criminalizing-democracy-and-fueling-migration-to-the-us/

[xanadu]

Have learned that my former Americano on the ground guy in Nicaragua has passed away.

[xanadu]

I was deleting some old posts I had saved, and this exchange popped up. At the time there were skeptics against the construction due to locals losing access to lands on the other side of the canal. A msg board discussion included the following posts. I dwelled on the last item and realized that I had not caught the significance of the last poster's comment. The poster mentioned a Boom Bridge. At 1st glance to me is, why not? Would need regular bridges on the Pacific and west side if the lake, and maybe another on the Gulf side, but otherwise just use barges or maybe the Boom Bridge. Admittedly, the cables would have to be very high to allow ocean liners, maybe an aircraft carrier, some sailing ships, though.

Message board exchange. Saturday, July 12, 2014 5:55:34 PM

Has anyone wondered how they are going to build bridges over this alleged "grand canal". Said bridges need to have more clearance than the Tampa Bay Bridge. (66 meters). Not even ONE reporter has ever asked this question. This would apply in two locations at minimum. The bridges themselves (if ever built) would take longer than the claimed 5 years.
w 5 more comments

Marc xxxxxx, I have no doubt the canal and all these bridges can be built..but in a country where everything takes 5 times the time to finish...i want to see if it will actually happen..I personally have mixed feelings about tit all
2 hrs · Like

Roger xxxxxx, Well it is possible if it is Chinese that is doing the work, remember seeing they built a 30 story building all included in a few hours, all prefab including curtains and bed sheets, I know a guy who came here to repair the generator in Puerto Sandino,...See More
1 hr · Like

Warren xxxxxx, 15 years at best...bunch of bridges to be built in tola zona.....Hogwash
1 hr · Like · 2

Clint xxxxxx, All they need is a barge - take the Wawa boom for an example, 2 hours drive out of Puerto Cabezas, RAAN. It takes all the traffic from the Pacific to the RAAN. They will use low teck. My 2 cents
note, this is in NE Nicaragua near the Gulf.


https://www.google.com/maps/place/Wawa+Boom+Bridge/@14.113705,-83.545253,3a,75y,90t/data=!3m8!1e2!3m6!1sAF1QipO5qaVrhR7aDZvWmA1KoyiqgF4tOAMB3dDDC1c5!2e10!3e12!6shttps:%2F%2Flh5.googleusercontent.com%2Fp%2FAF1QipO5qaVrhR7aDZvWmA1KoyiqgF4tOAMB3dDDC1c5%3Dw203-h109-k-no!7i3344!8i1808!4m13!1m7!3m6!1s0x8f119a8a3afede2d:0x47092535b8348372!2sPuerto+Cabezas,+Nicaragua!3b1!8m2!3d14.0391161!4d-83.3949632!3m4!1s0x8f1181c6d3e5525d:0x6700bb038a8faaeb!8m2!3d14.113705!4d-83.545253

[loophole lawyer]

Last January 16, the replacement of Taiwanese investment with the sustainable socio-economic development model of the PRC’s “Belt and Road Initiative” in Nicaragua is particularly threatening to regional US economic domination. In 2014, Nicaragua partnered with a Chinese firm to initiate construction of a second shipping lane connecting the Atlantic and Pacific Oceans in addition to the current US-dominated Panama Canal.[3] The anti-Sandinista opposition party Unamos (formerly known as the Sandinista Renovation Movement or MRS), whose leaders frequently met and provided information to the US embassy, helped organize an NED-engineered pseudo-movement in opposition to the project, which eventually came to a halt during the political violence of 2018.[4] The potential relaunch of the Nicaraguan canal project could prove to be a pivotal point in the US’s New Cold War and flailing bid to remain the world’s lone superpower.

[loophole lawyer]

The re-establishment of official ties between Nicaragua and China also suggests that construction work on the Nicaraguan canal may resume in the not-too-distant future. And this will signify a change to the rules of the game in the region.

In 2013, a contract was signed for the construction of a shipping canal in Nicaragua, with the Chinese investor Wang Jing receiving a concession. At the time, it was seen as a possible alternative to the Panama Canal that would have the potential to change regional geopolitics. The project was called the Grand Interoceanic Canal of Nicaragua. However, HK Nicaragua Canal Development (HKND Group) went bankrupt, so the project has been on hold since 2018. Now, it seems that Beijing will seize this window of opportunity.

Wang Jing himself wrote a letter to Daniel Ortega, stating that his company, HKND Group, and he personally still believed in the Grand Canal project. China needs to carry on with the Belt and Road Initiative, where a new transit hub will help optimise logistics and make additional anchor points, since the infrastructure involves the construction of two ports, an airport, a power plant, and various roads.

In comparison with the Panama Canal, the canal in Nicaragua will be considerably more attractive: it will be wider and deeper, allowing more goods to pass through it. It is expected that container ships of up to 400,000 tons will be able to pass through the canal. (The Panama Canal can only handle ships of up to 150,000 tons.)

From the outset, it was assumed that Russia would ensure the security of the construction and the maintenance of the canal. Given the close ties between the Russian and Nicaraguan military and special services, Moscow’s inclusion in the project is entirely feasible. In fact, a larger Russian military presence in the region will now be justified (after all, terrorists could endanger shipping traffic, which must be prevented). Just a stone’s throw from the US

[loophole lawyer]

https://gcaptain.com/former-billionaire-behind-nicaraguan-canal-project-resurfaces-after-election/

[xanadu]

https://havanatimes.org/features/chinas-belt-and-road-initiative-ortega-wants-to-join/

https://havanatimes.org/news/cubas-president-arrives-in-nicaragua-to-bless-ortega-re-inauguration/

[loophole lawyer]

https://thediplomat.com/2021/12/china-nicaragua-seal-diplomatic-ties-as-taiwan-loses-another-official-partner/
Looks like the Canal is back on schedule!

[xanadu]

Nicaragua Canal
GOOGLE ALERTS Daily update · December 30, 2021

Nicaragua Delivers Ancient Taiwanese Goods To China

Nicaragua had already had diplomatic relations with China between 1985 and 1990, during Ortega's first term as president.

TODAY NICARAGUA (EFE) The Government of Nicaragua reported on Monday that all the assets that the Government of Taiwan had in the country remain “with absolute and unrestricted ownership of the domain” of China, as a result of the establishment of relations with the Asian giant after having broken them with the island.

https://todaynicaragua.com/nicaragua-delivers-ancient-taiwanese-goods-to-china/

[xanadu]

Nothing noteworthy but saw this.

One thought on “Nicaragua Canal Mastermind Says Project with Ortega Still On”

Carlyle MacDuff
November 12, 2021 at 6:40 pm
Permalink

Pigs may yet fly!

There was no added text

But also saw this
https://www.scmp.com/news/china/diplomacy/article/3159271/why-chinas-nicaragua-move-much-about-us-it-about-taiwan
excerpt
But he said the Chinese government was not involved in the Nicaraguan canal project, and China was not expected to develop the project in the future.
“The risks of building a large canal in Nicaragua are high,” Guo said, adding the project would also adversely affect relations between China and Panama.

[xanadu]

I saw a news article that brought back memories of the planned future canal that ACDU needed as a part of it's future growth in Nicaragua. A large part of the plans were political. China's desires to have access to the USA east coast by way of a base/path to the Atlantic was through the canal.

Like their problems of over expansion now, their principal party was a well heeled Chinese businessman, thought to be backed by their Government, who had monetary problems with some of his holdings in China, backed away and basically the canal fell through. This also took most of ACDU's much larger plans. They did complete a motel near the airport in Managua. I assume their option to purchase and develop the Caribbean port totally fell through.

I would not be surprised if the situation now unfolding in China seems to be following the same blueprint as they did in Nicaragua. They overplayed their financial ability and had to scale back.

https://www.msn.com/en-us/news/world/the-chinese-property-giant-and-its-mountain-of-debt-behind-global-selloff-fears/ar-AAOK4QV?ocid=msedgdhp&pc=U531

[xanadu]

I sorta wonder whatever happened about this?

https://www.foreignpolicyjournal.com/2014/06/17/russia-to-expand-its-sphere-of-influence-in-nicaragua/

[xanadu]

Very recent satellite shows show NO activity at the Bluefields acreage.

[xanadu]

Hurricane Iota to bring 'potentially catastrophic' winds, dangerous storm surge to Central America

[xanadu]

While reminiscing I was looking through old posts and came up with this article published at the height if our (ACDU) involvement.

https://news.trust.org/item/20171201092333-6asue
Can a coast-to-coast canal solve Nicaragua's poverty problem?
by John Perry
Friday, 1 December 2017 09:23 GMT

[xanadu]

Could we harness a Hurricane like NANA that is headed toward Belize to dig the canal for ACDU???

Capital Weather Gang
Tropical Storm Nana forms in Caribbean, could make landfall as hurricane in Belize

[xanadu]

Way too funny. My own iHub board. My own private playground as almost a whole year has passed by with only me giving one rat's a_ _ about what is going on in Nicaragua. Still have an e-mail and FB contact there so know it hasn't been overtaken by the Russian's.

[xanadu]

Sad they missed the economic boom the building of the canal could have done for the country.

Nicaragua: Minimum Wage Increases 2.6

In a context of a sharp drop in economic activity, the government decided to increase the minimum wage by 2.63% as of 1 March.
Friday, February 7, 2020

https://www.centralamericadata.com/en/article/main/Nicaragua_Minimum_Wage_Increases_26?u=8bd780e87e0ce1ce8a1294938a3bbfc0&s=n&e=3&mid=[MESSAGEID]

[xanadu]

Gheesh..Losing newspaper too.
https://todaynicaragua.com/nicaragua-soon-to-become-the-only-country-without-a-print-newspaper/

[xanadu]

Appears Nica has more and more problem areas.

Massacre Leaves Six Indigenous People Dead At Nicaraguan Nature Reserve

https://todaynicaragua.com/massacre-leaves-six-indigenous-people-dead-at-nicaraguan-nature-reserve/

[xanadu]

NEWS - AP-NATIONAL
Pompeo talks Nicaragua after Florida Senate condemns Ortega
https://www.wfmj.com/story/41604056/pompeo-talks-nicaragua-after-florida-senate-condemns-ortega

[xanadu]

Nothing new other than the continuance of smaller anti government and anti canal protests and filling space on pages of the Havana Times..

https://havanatimes.org/news/nicaraguan-farmers-mark-six-years-of-fighting-ortegas-canal-law/

https://havanatimes.org/features/nicaraguas-canal-megaproject-a-blueprint-is-all-thats-left/

Along this route, the only visible remains are the stone boundary markers that the Chinese crew set up. It’s the souvenir that Wang Jing left us. The Chinese magnate himself has disappeared from public life and never managed to obtain the 50 billion dollars that the megaproject required.

[xanadu]

I believe this is the finished 40 bed motel built in 2015 that they were going to construct near the airport. May or may not be and may or may not still be in the hands of what we knew as ACDU management and local investors. Basically means nothing now but a bit of nostalgia. I did not call but number is shown to be 855-516-1090.

https://www.hotels.com/ho506422/?pa=1&tab=description&ZSX=0&SYE=3&q-room-0-children=0&q-room-0-adults=2

[xanadu]

I have no idea what experience, education, background, profession or any credentials that this writer has. I simply ran across this detailed response he made to a re-hashed article. BUT, I'm, no engineer either and really don't have sufficient knowledge to poke holes in his somewhat detailed but simplified plan to get a canal across Nicaragua. If bored during this holiday season you might find his comments to a Havana Times article interesting. His last sentence does seem extreme when compared to already accomplished feats of humankind.

Stephen Weglian
August 17, 2019 at 11:33 am
Permalink

I do not know if you can find a financial backer that has the money to build this Canal. But China seems to be the only realistic possibility.

China might do it to gain the prestige for the 21st century that the US got in the 19th century by building the Panama Canal.

But if an honest government in Nicaragua were to pursue this project it should couple the purification of Lake Managua as part of the deal. The vast fresh waters of Nicaragua are wasted when sent down the San Juan River. Instead a sizable part of that fresh water should be diverted north to Lake Managua. The contents of the current lake should be dumped over dams into channels toward the Pacific Ocean. The electricity from these dams could be used to pump the water up to Lake Managua from Lake Nicaragua. After the lake is purified, the water going over the dams could be used to irrigate very good soil in the region the canals pass through.

Under the current plans for the canal much new agricultural land will be created.

The persons who are displaced by the canal should be given access to the new lands and the new shore lines created by all the reservoirs built to operate the canal.

Displaced owners should be fully compensated for their lands at the value of the land after the canal is built.

I can not fathom why the Nicaraguan government wants to screw the owners of properties necessary for the construction of the canal. This is simply stupid. The price of the land acquisition is peanuts to the total costs.

The canal should be built with reasonable environmental concerns. The potential value to all of Nicaragua is worth the risk.

The new fresh water reservoirs and fresh lakes will bring much enjoyment and much economic activity.

There are numerous problems but Nicaragua has a chance to create the greatest man made wonder in the history of mankind.

Do not be petty. Think big!