August 28, 2015
In January 2014 we discussed China’s proposal to build a canal in Nicaragua. The project would be three times the length of the Panama Canal, to be completed by 2020 for an estimated $50 billion. It’s just that, well, the Chinese firm contracted to develop the waterway has done nothing but improve a few dirt roads. It’s “beginning to look like all hat, and no canal,” and “heavy machinery necessary for moving dirt is nowhere to be seen” (WSJ).
Big building projects can sound great when they’re proposed, but often run into obstacles no one expects.
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