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November 21, 2014

Work starts soon on $40B canal

MANAGUA, Nicaragua (AP) — Officials said Thursday that studies have determined a $40 billion inter-oceanic canal across Nicaragua will have minimal impact on the environment and society, and construction is to begin next month.

Work will start Dec. 22 as planned with a port on the country's southern Pacific coast, said Zhu Xiaoya, an official with China's HKND Group, which was picked to build the canal.


 
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