Tag: inter-ocean canal

• Friday, June 14th 2013 - 08:20 UTC

  Nicaragua approves transoceanic canal to rival with Panama and to be built by Hong Kong company

  

  The Nicaraguan Congress has approved a proposal to have a canal built linking the Pacific and the Atlantic Oceans. A Hong Kong-based company has been granted a 50-year concession to build the waterway, which will rival the Panama Canal.

• Tuesday, June 11th 2013 - 05:18 UTC

  Fast-track debate in Nicaragua to consider Chinese project for an inter-ocean canal

  

  Nicaragua is moving closer to granting a Chinese company a 100-year concession to build and operate a canal linking the Atlantic to the Pacific.
  Construction of the waterway would take 10 years and cost 40 billion dollars.