Nicaragua and Chinese investor say canal work to start in 2014

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By Alex Lennane

15/01/2014

Apparently it’s on – and this year. Possibly in response to the delays and troubles in Panama, Nicaragua’s president and Chinese tycoon Wang Jing have announced that they are to start building the $40bn canal across Central America in December. It makes in-fighting over Panama’s relatively paltry $5.2bn cost seem something of a minor scuffle.

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Topics

Route canal work CMA CGM Congestion indigestion Maersk Line Panama Canal Authority Panama Canal Railway

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