Nicaragua and Chinese billionaire Wang Jing have formally launched work on a $50bn canal across the Central American nation — a megaproject that has raised international questions about whether it will ever be finished, who is really funding it and why.
A carefully orchestrated party was held in Managua’s main square, hailing President Daniel Ortega’s “great triumph” in realising Nicaragua’s “century-old dream”, and thronged with supporters waving banners declaring “God bless the canal”, as Mr Wang and other dignitaries gathered in the former presidential palace.
“We are not destroyers, we are constructors,” the telecoms magnate declared in a lengthy speech carried live on state television.
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