China to build huge canal across Nicaragua

Once completed, waterway will link Atlantic and Pacific oceans and compete with the Panama Canal.

A Chinese company has been granted permission to build a multi-billion dollar canal across Nicaragua.

Once completed, it will link the Atlantic and Pacific oceans and compete with the Panama Canal for lucrative shipping fees.

As Adam Raney reports, it could be a windfall for the impoverished country.

Source : Al Jazeera

More from Economy
Most Read