Chinese get ready to build alternative Panama Canal

A Chinese company has been chosen by the government of Nicaragua as the contractors for a project that will eventually end up with the country – and the rest of the sailing world – having an alternative to the Panama Canal.

The project will cost a staggering £26 billion, and the canal will be 22 metres deep and 286 km (178 miles) long – that’s bigger than both the Panama and Suez canal.

Although the name of the Chinese company has not yet been revealed, the project is a blow to a) Panama, and b) the US, who have controlled the Panama Canal, and through that most shipping traffic between the Atlantic and the Pacific.

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