Hong Kong company gets Nicaragua's OK for rival to Panama Canal; is it good business?

  • by: LUIS MANUEL GALEANO , Associated Press
  • Updated: June 14, 2013 - 1:10 AM

MANAGUA, Nicaragua — In a matter of weeks, a little-known Chinese tycoon has hired some of the world's top experts in mammoth infrastructure projects and pushed through Nicaragua's congress a bill granting him the exclusive right to develop a multibillion-dollar rival to the Panama Canal.

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