Chinese company plans to build Nicaraguan canal to compete with Panama
It has been almost a century since the Panama Canal opened to shipping traffic, and it is still the only route ships can take to cut across the Central American isthmus. Even before the Panama Canal began construction, Nicaragua dreamed of building a similar shipping lane connecting the Pacific and Caribbean. Yesterday the Nicaraguan government approved legislation giving a little-known Chinese company exclusive rights to build that canal. The Great Nicaraguan Canal will be one of the most incredible engineering undertakings in history.
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Edited by Merc14, 15 June 2013 - 04:43 PM.