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>> PANAMA CANAL Latest News

DEC 23, 2014 - Business Insider

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Nicaragua's Planned $50 Billion Canal Is 'A Gigantic White Elephant'

In June 2013, Nicaragua gave initial approval for what seemed like a ridiculous plan to let a Chinese group build a 173-mile canal across the Latin American country. On Monday, workers broke ground on one of the largest infrastructure projects ever. There's just one problem. No one really knows what's going on. Ask Manuel Coronel, an octogenarian who runs the canal authority, "where ...

Tags: Nicaragua's Planned $50 Billion Canal Is 'A Gigantic White Elephant',  Panama Canal Latest News

DEC 22, 2014 - Boston Herald

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Nicaragua breaks ground on historic canal project

MANAGUA, Nicaragua — Nicaraguan officials and a Chinese company have broken ground on a $50 billion transoceanic waterway predicted to rival the Panama Canal.Vice President Omar Halleslevens with Wang Jing, president of the contracting firm HKND Group, say the canal will change the history and the economy of Nicaragua, one Latin America's the poorest countries.Officials broke ground Monday on ancillary ...

Tags: Nicaragua breaks ground on historic canal project,  Panama Canal Latest News