China has signed an agreement to build a canal in Nicaragua. Where is US investment? This will be a signifant entry of Chinese economic power into the Westerm Hemisphere.
According to spokespeople, the canal will take an approximate 10 years to be built, and will cost $30 billion US dollars. According to the agreement, the Nicaraguan canal will be partially built by 2019, by which time it will have the capacity to transport 416 million metric tons, which would represent 3.9% of the world’s maritime load.
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