Nicaraguan officials say an environmental study has concluded a planned $50 billion canal across the Central American nation is “viable,” but aren’t releasing details of the report
Canal Commission spokesman Telemaco Talavera says only that the next step is to submit the findings to the Environment Ministry.
Opponents of the proposal have criticized what they call a lack of transparency since the project was first announced.
Crews broke ground on projects related to the canal in December, but have yet to start digging the waterway itself. Some experts doubt it will actually be built due to financial, environmental and social issues.
The HKND company of China has been awarded the canal concession. Executive Xu Changbao said Monday that the impact study demonstrates a serious commitment to the project.