[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
The author argues that in the new economy, it's people, not skills or majors, that have lost value.
Colleagues of detained Al Jazeera journalists press demands for their release, 100 days after their arrest in Egypt.
Mehdi Hasan discusses online freedoms and the potential of the web with Wikipedia founder Jimmy Wales.
A tight race seems likely as 814 million voters elect leaders in world's largest democracy next week.
Featured
Venezuela's president lacks the charisma and cult of personality maintained by the late Hugo Chavez.
Despite the Geneva deal, anti-government protesters in Ukraine's eastern regions don't intend to leave any time soon.
Since independence, Zimbabwe has faced food shortages, hyperinflation - and several political crises.
After a sit-in protest at Poland's parliament, lawmakers are set to raise government aid to carers of disabled youth.
A vocal minority in Ukraine's east wants to join Russia, and Kiev has so far been unable to put down the separatists.
join our mailing list