Nicaragua’s $50bn canal plan sinks after six years

Plan fails as Chinese financier lost most of his billions before the work could start.

A $50bn plan by Nicaragua to build a rival to the Panama Canal has failed to materialise.

It has been six years since the president of Nicaragua and a Chinese billionaire announced work was starting.

The project should be well on the way to completion by now.

But construction workers are nowhere to be seen.

Al Jazeera’s John Holman reports.