Alternative to Panama Canal by China?

Wow...

• 100 Year Concession
• First ships to go through within 6 years
• Fully completed in 10 Years
• Would go through Nicaragua

Nicaragua gives Chinese firm contract to build alternative to Panama Canal - The Guardian

Good discussion on the canal on Slashdot

http://tech.slashdot.org/story/13/06/11/1238231/nicaragua-gives-chinese-firm-contract-to-build-alternative-to-panama-canal