We've been hearing about this canal business before we came to Nicaragua and it's been a possibility for years. Dating back to 1914 when a treaty was signed granting the US exclusive canal rights in Nicaragua (The US eventually moved on to Panama). Today, China has been granted rights to build a canal. I don't claim to know all the details, and hope to learn more from all sides. Here's a brief article about the topic:
Nicaragua Canal- ib times
I'm sure we will be writing more on this topic as things progress in this country we have come to love!
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