Nicaragua's $50 billion canal beset by delay

Construction on the $50 billion Nicaragua Canal, which has been wracked by delays, will not begin until the first quarter of 2016 due to new environmental mitigation measures, according to a high-ranking government official.

Paul Oquist, executive director of the Nicaragua Grand Canal Commission, said that U.K.-based Environmental Resources Management, one of the canal’s environmental assessment contractors, has recommended four additional studies to identify new ways to reduce the environmental impact of the project.




Source: Journal of Commerce