Nicaragua cancels a controversial Chinese interoceanic canal concession after nearly a decade

After nearly a decade, Nicaragua's congress finally canceled on Wednesday a controversial canal concession granted to a Chinese businessman that critics said endangered the environment and threatened to displace rural communities.

Despite a symbolic "groundbreaking" in 2014, no work was done on the canal that was to link Nicaragua’s Atlantic and Pacific coasts. At one point, crews broke ground on access roads near the canal but digging the waterway never started.

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