Panama Canal Says China Billionaire’s Nicaragua Plan Won’t Work
China's Very Own Canal on the Doorstep of America
Susana Gonzalez/BloombergThis article is for subscribers only.
Panama Canal Authority Administrator Jorge Quijano said he doesn’t expect a planned rival waterway in Nicaragua to be completed because it won’t be able to compete economically with his shipping channel.
“There’s very little hope for actually getting such a canal built because of the competitiveness of the Panama Canal,” Quijano said Thursday in Singapore, where he was attending a conference.