With Chinese Investment, Nicaraguan Passage Could Dwarf Panama Canal 322
Nicaragua is now home to the early stages of one of the largest infrastructure projects on earth, plans for which have been raising questions for some time now. In a move that will affect global trade in the long term, "A Chinese telecom billionaire has joined forces with Nicaragua's famously anti-American president to construct a waterway between the Caribbean Sea and the Pacific Ocean to rival the Panama Canal. The massive engineering undertaking would literally slice through Nicaragua and be large enough to accommodate the supertankers that are the hallmark of fleets around the world today." (Here's a related article with a bit more on the project from Wang Jing, the Chinese telecoms entrepreneur now also at the head of the Hong Kong Nicaragua Canal Development Investment Co.) One potential problem with the canal: disruption of surfing in Nicaragua.
A ugar, a cin, a canal, a naca, Nicaragua. (Score:5, Funny)
Doesn't have the same ring to it. I can see why they picked Panama for the first one.
Re:Money pit (Score:5, Funny)
Fortunately, though, both places tend to look out for the interests of their people. ;)