Posted on: December 23rd, 2014 by Administrator No Comments
Nicaragua on Monday broke ground on its Chinese-led $50 billion shipping canal, a massive infrastructure project that aims to rival Panama’s waterway and revitalize the economy of the second-poorest country in the Americas.
Nicaragua’s government says the proposed 172-mile (278-km) canal, due to be operational by around 2020, would raise annual growth to over 10 percent and help put an end to endemic poverty in the country of 6 million people.

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