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Latin America Investment News on Viva Tropical

U.S. Wants a Stake in Nicaragua’s Canal

Article Summary:

A U.S. Department of Commerce official says the United States and U.S. investors would be willing to invest in the building of a canal across the middle of Nicaragua as long as the process is transparent.

Photo Credit: Mercopress

Original Article Text From ABC News:

US Would Be Willing to Invest in Nicaragua Canal

A U.S. Department of Commerce official says the United States and U.S. investors would be willing to invest in the building of a canal across the middle of Nicaragua as long as the process is transparent.

Deputy Assistant Secretary Walter Bastian says that he finds the project “fascinating” and that the U.S. government will follow up to see if there is interest from U.S. investors.

Bastian said Tuesday while visiting Nicaragua that for the U.S. it is important that the process of awarding contracts is transparent and that those contracts have legal certainty.

The Chinese company HK Nicaragua Canal Development Investment Co. Ltd. was awarded the canal project. Experts say it could take 11 years to finish, cost $40 billion and require digging 130 miles (200 kilometers) of waterway.

Link to Original Article:

From ABC News

  • Rusty

    Real Smart – Dept of Commerce. What a way to alienate a Country – “Panama” – which is caring for thousands of our dead veterans in the beautiful Cemeteries there in Panama. Why do we really need to invest in Nicaragua, when Panama is our known “friend?” The new Panama Canal will do more to help the US economy than anything our Dept. of Commerce would ever think of.

  • charlie

    does this kind of thing from our an-American administraon surprise anyone?? It like all they do is designed to alienate all our friends and enemies alike. It is a slap in the face of Panama, a loyal friend and a stab at china a not so loyal frenemy.

  • Robert in Vancouver

    Nicaragua’s leaders should think long and hard before letting their economic future be controlled by the US Government.

    Look at how quickly and completely the US Government turned on other leaders who they promise to be friends and allies with forever.

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