[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
Italy struggles to deal with growing flood of migrants willing to risk their lives to reach the nearest European shores.
Israel's Operation Protective Edge is the third major offensive on the Gaza Strip in six years.
Muslims and Arabs in the US say they face discrimination in many areas of life, 13 years after the 9/11 attacks.
At one UN site alone, approximately four children below the age of five are dying each day.
Featured
Human rights and corporate responsibility prompt a US church to divest from companies doing business with Israel.
Afghan militias have accumulated a lengthy record of human-rights abuses, including murders and rapes.
Growing poverty is strengthening a trend among UK Muslims to fund charitable work closer to home.
A groundbreaking study from Johns Hopkins University shows that for big segments of the US population it is.
Critics claim a vaguely worded secrecy law gives the Japanese government sweeping powers.
join our mailing list