• Nicaragua starts survey on $40-B canal

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    MANAGUA: A Chinese firm hired to dig a canal across Nicaragua linking the Caribbean and the Pacific said on Thursday it has begun assessing property and land that will have to expropriated and people who will be displaced. Work on the $40 billion, 278-kilometer (172-mile) project to rival the Panama Canal is scheduled to begin late this year. The company HK Nicaragua Canal Development Investment said in a statement that another firm, Changjiang Institute of Survey, Planning, Design and Research, will carry out the study with the help of the Nicaraguan government and army. President Daniel Ortega has said the project will create enough work to help alleviate poverty that affects more than half the population of the Central American country.

    AFP

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