Nicaragua eyes €30bn rival to Panama Canal
A Chinese entrepreneur has unveiled his route for a 170-mile, €30bn waterway from the Pacific to the Caribbean.
If Wang Jing pulls off the feat in Nicaragua, it will rank as one of the greatest engineering marvels in history.
Sitting in his Beijing office, Mr Wang (40) said: "I am 100pc certain the construction will begin in December 2014 and finish in 2019." He said funding had already been secured from China, Europe and the US.
The Panamanian government said the US, which built the Panama Canal and controlled it until 1999, would hardly be "amenable" to the idea of a Chinese rival. (© Daily Telegraph, London)