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Nicaragua’s Monkey Point to have $300 million port

Wednesday, August 17, 2011

\ Monkey Point, in Nicaragua’s South Atlantic autonomous region, is to house a deep-water point and two railroad and highway “dry canals”.\ \ Daniel Ortega, the Nicaraguan president, signed a letter of intent with the Brazilian company Andrade Gutiérrez in order to launch the feasibility studies for the project.\ \ The aim is to build a port costing some $250-$300 million. The Pacific and the Caribbean coasts are to be linked by road and rail from the port of Corinto to Monkey Point.\ \ Original source (in Spanish): La Prensa\ \ \ \ \ \