Tuesday, July 8, 2014

Nicaragua Canal Route Approved

The Nicaraguan government has approved a route for a canal across that country, to be built by the Hong Kong-based company HKND Group.  If the canal is completed as planned, it will be 173 miles long and will cost about $40 billion.  The Nicaragua Canal will also be much longer, wider and deeper than the Panama Canal, which is 48 miles long.  The new canal will run between the mouth of the Rio Brito on the Pacific coast and the mouth of the Rio Punta Gorda on the Caribbean coast.  The route will go through Lake Nicaragua, which has caused some environmental concern, since the Lake is a major source of fresh water.

Read the story at America Online, The Independent, USA Today, Reuters and BBC News.

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