How a Chinese venture in Venezuela made millions while locals grew hungry
TUCUPITA, Venezuela—The project was meant to feed millions.
In Delta Amacuro, a remote Venezuelan state on the Caribbean Sea, a Chinese construction giant struck a bold agreement with the late President Hugo Chávez. The state-run firm would build new bridges and roads, a food laboratory, and the largest rice-processing plant in Latin America. The 2010 pact, with China CAMC Engineering Co Ltd, would develop rice paddies twice the size of Manhattan and create jobs for the area’s 110,000 residents, according to a copy of the contract seen by Reuters.