Nicaragua Ends Decade-Long Chinese Canal Project Amid Environmental Concerns

The cancellation reflects growing scrutiny over environmental and social impacts, marking a significant policy shift.

Nicaragua's congress has officially canceled a controversial $50 billion interoceanic canal project initially granted to a Chinese businessman.
The proposed canal, intended to link the Atlantic and Pacific coasts, faced intense opposition due to environmental risks and potential displacement of rural communities.
Despite a groundbreaking ceremony in 2014, actual construction work on the canal never commenced.
Critics of the project included thousands of Nicaraguan farmers who protested land seizures and faced severe legal repercussions.
The cancellation leaves unresolved questions about future infrastructure projects and their financing in Nicaragua.