ATBC Resolution: Halt the Interoceanic Canal in Nicaragua
In June 2013, the Nicaraguan government granted a concession to the Hong Kong Nicaragua Development Corporation (HKND) to build an interoceanic canal connecting the Pacific Ocean and the Caribbean Sea, through Nicaragua, traversing Lake Cocibolca (also known as lake Nicaragua), along with multiple infrastructure development projects of considerable size. Planned developments include a 400 km2 artificial lake, multiple tourist complexes, factories to produce construction materials, and hundreds of kilometres of paved roads through otherwise inaccessible rainforest.
The Association for Tropical Biology and Conservation has come out firmly against the Nicaraguan Interoceanic Canal, citing the need for independent environmental studies and urging a review of the impacts to the environment and the people who currently live in the canal zone.
Nica Insiders are saying that with the wide swath of land awarded to the Chinese company, it is quite likely that they will just sell off the land and its resources to the highest bidder and then maybe see if they want to build an actual canal, leaving the country with all of the negative effects but none of the positive economic boom that President Daniel Ortega is promising the Nicaraguan people.