Nicaragua Canal Company Says $50 Billion Plan Has Public Backing
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The Chinese company seeking to build a $50 billion canal across Nicaragua said the project has broad public support and that it is willing to alter the planned route to avoid a small town.
HKND Group, led by billionaire Wang Jing, said surveys show more than 78 percent of Nicaraguans back construction of the 170-mile (275-kilometer) waterway that officials say will help lure vessels too large to fit through the Panama Canal. The company also said it plans to change the route of the waterway to avoid El Tule, a town on the southeastern side of Lake Nicaragua whose residents oppose the project.