Nicaragua canal fast-tracked with Chinese boost

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A boater navigates over Cocibolca Lake, also known as Nicaragua Lake, near Granada, Nicaragua, Friday, June 7, 2013. A concession to build a canal across Nicaragua linking the Pacific Ocean and Caribbean Sea, which would go through the waters of Lake Nicaragua, will be awarded to a Chinese company, the National Assembly president said Wednesday. (AP Photo/Esteban Felix)MANAGUA, Nicaragua (AP) — For centuries, tycoons and adventurers alike have dreamed of building a canal through Nicaragua between the Pacific and Atlantic oceans and riding a boom in international trade to new riches. Up until now, however, all comers were forced to admit defeat when faced with the sheer challenge of building a man-made river through dense, hilly jungle.