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Nicaragua Approves Route for $40B Canal Linking Oceans

A Nicaraguan committee approved a proposed route on Monday for a $40 billion shipping channel across the Central American country that would compete with the Panama Canal. The committee of government officials, businessmen and academics approved a 172-mile (278-km) route from the mouth of the Brito river on the Pacific side to the Punto Gorda river on the Caribbean that was proposed by executives from the HK Nicaragua Canal Development Investment Co. Ltd. (HKND Group). The Hong...

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