Latest News Wires Nicaragua canal: A $50 billion project to rival Panama canal gets underway

Nicaragua canal: The Chinese funded Nicaragua canal broke ground Monday amid protests. The 173-mile canal is expected to be operational by 2019, and produce $10 million per year in fees for Nicaragua.

By , Associated Press

Nicaraguan officials and a Chinese company broke ground Monday on a $50 billion transoceanic waterway predicted to rival the Panama Canal, but which has been a source of anger and protests from citizens in recent weeks.