Managua, June 12 (PL-RHC) -- The Nicaraguan Parliament is studying Tuesday a draft bill proposed by President Daniel Ortega to regulate the construction of an inter-oceanic canal in the country.

The statesman sent the proposal to the National Assembly on June 5th to legally begin this key initiative for the economic development of the Central American nation, which has stimulated the interest of Russia, China and Brazil, among other possible investors.

The proposal of a new seaway was well-received in Nicaragua by members of the Executive and representatives of environmental groups, taking into account that it includes studies on the environmental impact of the project, mitigation of damages, and permanent care of natural resources.

After the discussion in Parliament, the Executive will send the initiative to the corresponding commissions to begin a process of consultations.

The draft bill proposes the creation of a national enterprise that will be tasked with negotiating and supervising the construction and functioning of the Inter-oceanic Canal.

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