Original news was published on 13 October, 2014

Nicaragua will this week present plans for its interoceanic canal to leaders from more than 15 Latin American countries. The presentation will take place during a plenary session of the Permanent Conference of Political Parties of Latin America and the Caribbean (COPPPAL), which opens today.

Nicaragua will provide documents to regional politicians to give them more information on the social and economic impact of this mega-project, estimated to cost at least US$40 billion, Prensa Latina said in a report. The Nicaragua Canal will run 278 kilometers from coast to coast and is being developed by a Hong Kong group, HKND.

In addition to the waterway, there will be also works on other projects as an airport, several roads, a free trade zone, resorts and two ports, one on the Pacific and one in the Atlantic.

*NEWS SOURCE