Nicaragua President Daniel Ortega and Chinese businessman Wang Jing have inaugurated construction works for a canal aimed at connecting the Atlantic and Pacific oceans, dpa reported.
Slated to take five years to build at a cost of 50bn euros ($61.23bn), the canal will cross the southern part of Nicaragua to provide a competing shipping route to the Panama Canal.
Nicaraguan officials said they aim to move 5% of the world’s commerce through the canal.
