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>> PANAMA CANAL Latest News

JUN 26, 2013 - Yahoo! News

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Chinese businessman behind $40 billion Nicaragua canal denies special ties

By Lucy Hornby BEIJING (Reuters) - The mysterious Chinese businessman behind a $40 billion plan to build a canal through Nicaragua pledged transparency on Tuesday - but refused to reveal where he attended college. Wang Jing, 40, who says his initial wealth came from a gold mine investment in Cambodia, is the only public face for a project that on paper would challenge the Panama Canal's monopoly on shipping oil, ore and containers between Atlantic and Gulf of Mexico ports and Asian markets via Central America. ...

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