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Marcelyn

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Blog Comments posted by Marcelyn

  1. 11 minutes ago, Hil said:

    I don't think this chinese man and his company will go forward with the project. The return to break even will take too long. That's one reason for the delay he's recovering the money he lost in Panama this year. The Panamanian news outlets are following his investments here----I forgot which one had written about his huge loses in Panama.

    Don't remember what Panamanian projects caused him to lose money.

  2. The construction of the $50 billion Nicaraguan canal will likely have an impact on Panama's economy (Panama Canal business) and certainly influence the economy of Nicaragua.

    Earlier this year Bud and I went to Nicaragua on business. While there we visited some areas where the canal would have a direct impact. Talked to many residents, took a boat ride on the fresh water lake, and studied the terrain. Jobs and all the required construction materials would provide a big boost to many peoples' lives. We also witnessed how people inhabit the lake area and depend on this resource for water and food supply as well as transportation because the only way to/from their home is via a small boat.

    Of the Nicaraguans with whom we talked concerning the canal, most were outspoken against, primarily for environmental reasons, as well as their water supply, impact on fishing, etc. They almost universally also felt that there was nothing that the general population could do to stop the project. Definite opinions both for and against expressed by everyone.

    More or other thoughts on this maga project?

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