Nicaraguan legislators push ahead on giving Chinese company concession to build,

[longknife]

operate, and maintain canal from Pacific to Atlantic [Caribbean]

Published June 11, 2013, Associated Press

This is a pretty big deal and we're hearing nothing about it in the MSM! It could transform international trade and cause some major economic and even political changes in Latin America.

MANAGUA, Nicaragua – Nicaragua is plowing ahead with a plan to dig a Chinese-funded rival to the Panama Canal across the midriff of the country, fast-tracking a proposal through the ruling party-controlled congress despite a lack of details about the $40 billion project.

A China-based consortium says it will finance the project and turn over control of the infrastructure to Nicaragua in exchange for a majority of the earnings, which it would share with the Nicaraguan government.

Read more: Nicaraguan legislators push ahead on giving Chinese company concession to build, operate canal | Fox News