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Nicaragua backs down on San Juan canal project

Wednesday, May 15, 2013

The Costa Rican Foreign Ministry received a letter from the Nicaraguan government saying that "due to technical reasons," Nicaragua would not be using the San Juan River to build a transoceanic canal.

Instead, Nicaragua hopes to build a massive canal on Nicaraguan land to facilitate trade and circumvent the Panama Canal.

The San Juan River forms a natural border between the two countries, and although it technically belongs to Nicaragua, use of the river must be negotiated between the two countries.

Source: Tico Times