Nicaragua canal

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Nicaragua Breaks Ground on Panama Canal Rival

Chinese project unpopular with farmers, environmentalists

(Newser) - Nicaragua broke ground yesterday on a much contested $50 billion transoceanic waterway predicted to rival the Panama Canal . President Daniel Ortega, with the president of Chinese contracting firm HKND Group, said the canal will change the economy of Nicaragua, one of Latin America's poorest countries, as well as the... More »

China Plots Own Panama Canal— in Nicaragua

Chinese-aided project could double Nicaragua's GDP

(Newser) - The Panama Canal could soon have a rival to the northwest. Nicaragua is itching to get started on a new route between the Atlantic and Pacific oceans, one that would measure 130 miles and take as long as 11 years and $40 billion to dig. And just as the US... More »

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