Nicaragua may revive plan to privatise its ports

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The rumour out of Nicaragua – which is still waiting to proceed with the Chinese-funded construction of its $50bn Pacific-Atlantic canal – is that a port privatisation programme that has laid dormant for 15 years could be about to be reinvigorated. Local reports that a concession agreement for the port of Corinto on the Pacific coast is shortly to be signed: “there is nearly complete agreement to deliver the award to a Dutch company with extensive experience in port management”, a possible reference to APM Terminals.