Nicaragua Canal

Nicaragua's President Daniel Ortega, left, and Chinese businessman Wang Jing shake hands before signing a concession agreement for the construction of a multibillion-dollar canal at the Casa de los Pueblos in Managua, Nicaragua, Friday, June 14, 2013. Legislation approved by a 61-25 vote in the National Assembly dominated by Ortega's Sandinista Front contains no specific route for the canal and virtually no details of its financing or economic viability, but it grants a Hong Kong-based company 50 years of exclusive rights to study the plan and build and operate a canal in exchange for Nicaragua receiving a minority share of any profits. (AP Photo/Esteban Felix)


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