Estimated reading time: 1 minute
The People’s Republic of China has come to an agreement with Nicaragua’s Sandinista government to develop infrastructure projects in the Central American country.
Top Nicaraguan officials announced on February 9 that they had signed a comprehensive memorandum of understanding with representatives from Beijing.
Under the agreement, China will help Nicaragua develop hospitals, renewable energy, medical equipment, roads, railways, and ports, as well as its water system and public health sector.
All of these projects will be overseen by state-owned Chinese companies, including the China Communications Construction Company (CCCC), China CAMC Engineering (CAMCE), China State Construction Engineering (CSCEC), and Power Construction Corporation of China (Power China).
Numerous Nicaraguan governments institutions are participating in the projects, including the Energy and Mining Ministry (MEM), the Ministry of Health (MINSA), and the Ministry of Transportation and Infrastructure (MTI), along with the state-owned water company ENACAL.
This memorandum of understanding comes just weeks after Nicaragua officially joined China’s massive global infrastructure campaign, the Belt and Road Initiative, in January 2022.
In late January, Nicaragua also announced that China had agreed to help the Central American country build thousands of houses for poor and working families, bolstering the Sandinista government’s already existing public housing program. (https://socialistchina.org/2022/02/14/china-agrees-to-help-nicaragua-develop-infrastructure-hospitals-renewable-energy/)
