Nicaragua’s Rival to Panama Canal Set to Start Dec. 22
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Nicaragua plans to begin building access roads and highways on Monday near the country’s Pacific coast as it starts work on a $50 billion inter-oceanic canal meant to rival Panama’s century-old waterway.
President Daniel Ortega and executives from the Hong Kong-based HKND Group, which is building the canal, will attend an inauguration ceremony in the capital of Managua, according to Telemaco Talavera, a spokesman for the project’s development commission. A separate ceremony will be held in Rivas, a town between the Pacific coast and Lake Nicaragua, he said.