Nicaragua canal: Will China build rival to Panama Canal?

Nicaragua canal would require $40 billion and 11 years to complete. Nicaraguan president Ortega hopes to get congress to approve Chinese plan for Nicaragua canal this week.

For centuries, tycoons and adventurers alike have dreamed of building a canal through Nicaragua between the Pacific and Atlantic oceans and riding a boom in international trade to new riches. Up until now, however, all comers were forced to admit defeat when faced with the sheer challenge of building a man-made river through dense, hilly jungle. Continue reading