Interoceanic Canal Bogged Down in Nicaragua

Nearly three years after Nicaragua granted a 50-year concession to the Chinese consortium HKND to build and operate an interoceanic canal, the megaproject has stalled, partly due to a severe drought that threatens the rivers and lake that will form part of the canal.

Nicaragua Takes Decisive Step Towards Chinese Construction of Canal

A five-century wait could come to an end when the Nicaraguan government grants a concession this year to a Chinese company to build a canal between the Pacific and Atlantic oceans, despite local protests and international scepticism.