Early in 2017 the government of Panamá switched its political allegiance, or at least friendship, from Taiwan to China.
In June 2017, Global Construction News reported that a $1bn project to build a new deep-water port and container terminal near the Caribbean entrance to the Panama Canal has begun. Both its developer and the firm building it are Chinese.
This has given rise to further speculation on the fate of El Gran Canal, including the possibility that the Chinese government has terminated any notion that China will step in to cover the lack of investment in favour of the Nicaraguan canal and the decline in Wang Jing’s finances. (Wang Jing is the owner of the HKND company which has the canal concession.)
But keep watching this space ….. both in Nicaragua and Panamá …..