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Nicaraguans confident about inter-oceanic canal

Friday, December 13, 2013

Six months after the Sandinista government granted a Chinese businessman a 100-year concession to build a vast canal across Nicaragua, most of the nation is in the thrall of the imagined waterway.

Nicaraguans say they are confident the $40 billion canal will become reality, lifting their country from poverty to prosperity.

But warnings by legal and environmental experts that the waterway is economically unfeasible, ecologically risky and a bad deal for Nicaragua are virtually unheard in a country where President Daniel Ortega has consolidated control of every major state institution.

Source: AP