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Nicaragua fast-tracks huge project

June 7, 2013 • Business


A boater navigates over Cocibolca Lake, also known as Nicaragua Lake, near Granada, Nicaragua, Friday, June 7, 2013. A concession to build a canal across Nicaragua linking the Pacific Ocean and Caribbean Sea, which would go through the waters of Lake Nicaragua, will be awarded to a Chinese company, the National Assembly president said Wednesday. (AP Photo/Esteban Felix)

MANAGUA, Nicaragua (AP) — Nicaragua is trying to revive a centuries-old dream of building an inter-ocean canal, a project experts say could take 11 years to build, cost $40 billion and require digging about 130 miles (200 kilometers) of waterway.

The government is seeking to rush approval of a canal linking the Pacific to the Atlantic through the country’s congress in less than two weeks in a nation that doesn’t even yet Login to read more

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