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China is not giving up on Nicaragua Canal

Tuesday, February 9, 2016

Manuel Coronel Kautz, head of Nicaragua’s Canal Authority, has seen the $50 billion, Chinese-backed project suffer setback after setback.

The latest: 12 months of construction delays on a key port just as financial turmoil in China deepens speculation the funding won’t come through.

But the canal chief is far from deterred.

Source: Bloomberg