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How a Chinese Billionaire Got Invested in Nicaragua's Canal Plan The idea of a canal across Nicaragua, easing transit flows between the Pacific and the Atlantic, is as old as the country itself. But despite numerous surveys and plans across the centuries, no Nicaraguan canal has ever been shown to be economically viable for the investors. The United States, European and numerous Asian countries and companies have explored both "wet" and "dry" canals — the latter utilize rail between ports on both sides of the isthmus.
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