The people of Nicaragua across all social demographics are generally thrilled by the prospect of a new canal in their country and the prosperity they believe it will bring.
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In a move that may turn out to be a lot more historically important than China’s reported lunar landing this weekend, the Sandinista government of Nicaragua is rapidly moving forward with a plan to allow a Beijing-based Chinese businessman to build a huge canal connecting Nicaragua’s Pacific and Atlantic coasts.
The plan gives telecommunications CEO Wang Jing a very generous set of concessions in exchange for a promise to build an inter-ocean canal three times the length of the Panama Canal, reports the Daily Mail. A bevy of tax-free side projects involved in the deal includes lucrative ports, an international airport, a cargo railway and an oil pipeline across the country.