InvestorsHub Logo
Followers 28
Posts 3175
Boards Moderated 0
Alias Born 11/30/2004

Re: Ownwallstreet post# 62094

Saturday, 01/04/2014 5:13:41 PM

Saturday, January 04, 2014 5:13:41 PM

Post# of 68397
We have to wait a little bit longer for the announcement of the route..

MANAGUA, Nicaragua (AP) — Nicaragua's government says the construction of the nation's inter-ocean canal will start a year later than planned because the waterway's path has yet to be defined.

The president of the canal authority, Manuel Coronel Kautz, says the project will not begin until 2015 because the canal's route approval comes in the third quarter of this year. Authorities had said construction could begin in 2014.
Kautz told La Prensa newspaper Saturday authorities wanted to wait for feasibility studies to be well advanced.

The announcement comes in the midst of a $1.6 billion dispute between Panama's government and a consortium responsible for expanding its canal.

Nicaraguan legislators in June approved granting Beijing-based telecommunications CEO Wang Jing a concession to build and operate a canal more than three times the length of Panama's.

For get my English I'm Hollands

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.