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Nicaragua canal 'disaster' feared

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  • Writer: AFP
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MANAGUA - A proposed Nicaraguan waterway rivaling the Panama Canal would cause an environmental disaster threatening drinking water supplies and fragile ecosystems, conservationists said. 

President Daniel Ortega (left) and HK Nicaragua Canal Development Investment (HKND) president Wang Jing shale hands on Friday to celebrate the agreement for HKND to build the new canal.

President Daniel Ortega approved the $40-billion deal Thursday, granting the concession to little-known Hong Kong-based company HK Nicaragua Canal Development Investment Co, known as HKND Group.

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