[QODLink]
Americas

Nicaragua plans canal across Central America

Planners say project will lift the second poorest country in the Western Hemisphere out of poverty.
Last Modified: 26 Dec 2012 22:54

Nicaragua has signed an agreement with a Chinese company for a $30bn canal between the Atlantic and the Pacific.

Nicaraguan President Daniel Ortega is looking for foreign investment from Brazil, China, Russia and Venezuela to help build the waterway as an alternative to the Panama Canal.

For more than 150 years, the country has looked to build a canal across Central America but has never been able to get the project off the ground.

Planners there say the project would lift Nicaragua - the second poorest country in the Western Hemisphere - out of poverty.

Al Jazeera's Adam Raney reports from San Juan del Norte, a town on Nicaragua's coast that could see big benefits.

115

Source:
Al Jazeera
Topics in this article
People
Country
City
Featured on Al Jazeera
Your chance to be an investigative journalist in Al Jazeera’s new interactive game.
An innovative rehabilitation programme offers Danish fighters in Syria an escape route and help without prosecution.
Street tension between radical Muslims and Holland's hard right rises, as Islamic State anxiety grows.
Take an immersive look at the challenges facing the war-torn country as US troops begin their withdrawal.
Featured
Private citizens take initiative to help 'irregular' migrants, accusing governments of excessive focus on security.
Indonesia's cassava plantations are being killed by mealybugs, and thousands of wasps have been released to stop them.
Violence in Ain al-Arab has prompted many Kurdish Syrians to flee to Turkey, but others are returning to battle ISIL.
Unelected representatives quietly iron out logistics of massive TPP and TTIP deals among US, Europe, and Asia-Pacific.
Led by students concerned for their future with 'nothing to lose', it remains to be seen who will blink first.