Topic - Hk Nicaragua Canal Development Investment Co.

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  • Nicaraguan President Daniel Ortega and Wang Jing display an agreement granting the Chinese businessman the exclusive right to develop a multibillion-dollar waterway to rival the Panama Canal. Construction is set to be completed by 2019, Mr. Wang said. (Associated Press)

    Chinese tycoon plans to rival Panama Canal with $40 billion waterway through Nicaragua

    Plans moving ahead by a shadowy Chinese businessman may be the most ambitious ā€” and improbable ā€” of all to emerge from the world's newest economic superpower: a privately funded, 130-mile, $40 billion waterway through the rivers and dense tropical forests of Nicaragua designed to challenge the 100-year-old shipping monopoly of the Panama Canal.

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