Bloomberg: Deep on the southeastern side of Lake Nicaragua, along a bumpy dirt road that climbs gently through lush-green forest, sits the tiny town of El Tule. It is quintessential rural Central America: Chickens roam outside tin-roofed homes while pigs stand tied to trees, awaiting slaughter; the sound of drunk locals singing along to ranchera music greeted visitors on a recent weekend afternoon.
The village, if you listen to Nicaraguan officials, is a key point in what will be the biggest infrastructure project the region has ever seen, the construction of a $50 billion canal slated to run 170 miles from the country’s east to west coast. Awarded two years ago by President Daniel Ortega to an obscure Chinese businessman named Wang Jing, the concession calls for El Tule to be ripped up, erased essentially, in order to make way for the canal right before it plunges into the lake and then meets the Pacific Ocean a few miles later. Read more.
The MexicoBlog of the CIP Americas Program monitors and analyzes international press on Mexico with a focus on the US-backed War on Drugs in Mexico and the struggle in Mexico to strengthen the rule of law, justice and protection of human rights. Relevant political developments in both countries are also covered.
Showing posts with label China. Show all posts
Showing posts with label China. Show all posts
Aug 24, 2015
Jan 28, 2015
Mexico shuts down planned Chinese trade center near Cancun
AP: Authorities shut down a huge trade center development near the resort city of Cancun on Monday that was conceived as a showcase for Chinese products and had previously been fined over $1 million for environmental damage.
Mexico's environmental protection agency said in a statement that the Dragon Mart Cancun project was "totally shuttered" over failure to comply with corrective measures ordered last year and the removal of vegetation related to construction. The statement said the agency determined the project was being built in a coastal ecosystem where mangrove stands are present. Read more.
Mexico's environmental protection agency said in a statement that the Dragon Mart Cancun project was "totally shuttered" over failure to comply with corrective measures ordered last year and the removal of vegetation related to construction. The statement said the agency determined the project was being built in a coastal ecosystem where mangrove stands are present. Read more.
Jan 9, 2015
China firm to bid again for Mexico rail project: govt
AFP: The Chinese state firm which led a cancelled bid for a $3.75 billion high-speed rail contract in Mexico plans to tender for the project again, a Chinese government agency said Wednesday.
Mexico in early November abruptly cancelled a successful bid from a Chinese-Mexican consortium just days after it was awarded, amid questions over the legality and transparency of the process. Read more.
Mexico in early November abruptly cancelled a successful bid from a Chinese-Mexican consortium just days after it was awarded, amid questions over the legality and transparency of the process. Read more.
Dec 18, 2014
Slowdown in China Bruises Economy in Latin America
NYTimes: Few people are as intensely worried about the slowing Chinese economy as Latin Americans.
Not only does China buy nearly 40 percent of Chile’s copper, but its once-insatiable demand helped push copper prices from $1 to $4 a pound. Read more.
Not only does China buy nearly 40 percent of Chile’s copper, but its once-insatiable demand helped push copper prices from $1 to $4 a pound. Read more.
Subscribe to:
Posts (Atom)