Nicaragua canal

(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...

(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...