9 years ago
Why the Chinese-backed Nicaragua canal may be a disaster
On Monday, Nicaraguan dignitaries and officials from a Hong Kong-based consortium inaugurated what could be the most ambitious infrastructure project in the Western Hemisphere. The planned Grand Canal of Nicaragua would span 172 miles across the Central American nation, cutting through Lake Nicaragua, the region's largest freshwater reservoir. At an estimated cost of some $50 billion, it would dwarf the Panama Canal in terms of capacity...
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