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Friday, January 23, 2015

Transportation security/ More easy access to world markets
There is pride in Hong Kong that a local private company is pushing ahead with perhaps the world's largest-ever civil works project, the 280km long, 500m wide Nicaragua Canal. Construction began in December 2014.
The South China Morning Post dismisses outside suspicions while modestly describing the scheme as being “centered on the creation of a more just, reasonable and equitable world order.” That a private company should be undertaking such munificence is remarkable. One thing's for certain: it can't be doing it for the money. Financially the numbers don't add up.
At a cost of at least US$50 billion, the project will take many years and require tens of thousands of workers. Legal, social, corruption and environmental concerns aside (and all are daunting), the financial returns are violently challenged.


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