The Nicaragua Canal is a proposed shipping route through Nicaragua which would serve as an alternative and a competitor to the US-controlled Panama Canal.
While the plan has been on-and-off for years, optimism for its completion can be attributed to the recent recognition of the People's Republic of China (rather than the Taiwan-based Republic of China government) thanks to the election of the socialist Sandinista government.[1][2]
References
- ↑ Huizhong Wu (2021-12-09). "Taiwan loses diplomatic ally Nicaragua to China"
- ↑ Nicaragua announces that construction of inter-ocean canal begins this year (2014-01-13).