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The company HK Nicaragua Canal Development Investment, which is financing the project, plans to start construction works in December this year, said the company’s official representatives on Monday. According to several America’s independent sources, Russia will also join China to help construct the canal.
However, Russia will provide not so much economic and organizational assistance as military and political support, for it will establish a base in Nicaragua to guard the construction site against possible acts of provocation. Moreover, Russian warships and aircrafts will be allowed to be present in the country’s territorial waters and coastline.
Consequently, two deep-sea ports in Brito and Punto Agila, located on the Pacific and the Atlantic coast respectively, will be constructed within the project. They will be thoroughly protected from earthquakes, very frequent in the region. These two ports will enable the transportation of 2.8 billion tonnes of cargo per annum.
A free trade zone, an airport, an oil pipeline, and other facilities are also to be built as part of the project, providing 130,000 Nicaragua citizens with new job places. The project will boost tourism in the country and stimulate the influx of foreign visitors as well.