Nicaragua approving massive canal project

Nicaragua Canal

MANAGUA, Nicaragua (AP) — A $40 billion plan to plow a massive rival to the Panama Canal across the middle of Nicaragua is headed for approval by the country’s leftist-controlled National Assembly. It caps a lightning-fast approval process that has provoked deep skepticism among shipping experts and intense concern among environmentalists.

The assembly dominated by President Daniel Ortega’s Sandinista Front is expected to vote Thursday to grant a 50-year concession for the canal to a Hong Kong-based company whose only previous experience appears to be in telecommunications.

Ortega’s backers say the Chinese project will transform one of the region’s poorest countries by turning a centuries-old dream of a Nicaraguan trans-ocean canal into reality, bringing tens of thousands of jobs to the country. provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language, racial slurs or consistent name calling will be banned. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review.

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