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The dream of a Nicaragua Canal starting to crack

According to Nicaraguan media the construction of a Nicaragua Canal, as an alternative to the Panama Canal, will not be able to start before 2015, a year later than originally announced. And Guatemala is now also working on similar plans.

Photo: Maersk Line

It almost sounds too incredible to be true, and that might just be the case, as the story about major Chinese investor Wang Jing and his plans to build a canal between the Pacific and the Caribbean Sea through Nicaragua has now bumped into its first big obstacle.

According to Nicaraguan newspaper La Prensa the country's top official responsible for the canal project, Manuel Coronel Kautz, now says the project - which is surrounded by a certain degree of mystery - will likely not start before 2015. American newspaper Miami Herald reports that this is a year later than expected, as the construction was planned to begin this year.

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