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A New $65 BILLION Panama Canal Rival Is Coming! Nicaragua has long dreamed of carving a direct route between the Pacific and Atlantic Oceans, promising economic prosperity and global influence, but this billion-dollar megaproject that has been revived and reimagined multiple times, yet never realized. But last year, Nicaraguan President Daniel Ortega announced a new plan to resurrect the canal, proposing a new route. the project aims to alleviate global shipping congestion and provide a compelling alternative to the aging Panama Canal. However, the proposal has sparked heated debate, with investors, environmentalists, and world powers all weighing in. Can this ambitious project ever come to life, or is it destined to remain a geopolitical fantasy? For more Mega Construction & Megaproject content be sure to subscribe to Billion Dollar Builds. Thanks for watching this video. #megaprojects #construction #engineering Video Chapters: 0:00 Intro 1:13 Historical Background 2:48 The Revived Plan & It's Economic Potential 4:40 Geopolitical Implications 5:24 Challenges & Concerns 7:31 Comparisons with the Panama Canal 10:50 Can Nicaragua Compete? ► For business related matters relating to our channel (including media & advertising) please contact: [email protected] Please note, the videos published on this channel fall under the remits of Fair Use. For the purpose of educating viewers on topics of construction, engineering and architecture, our team produces well-researched, authentic and unique content, aligning with YouTube policies and guidelines. ► Copyright Disclaimer under Section 107 of the copyright act 1976, allowance is made for fair use for purposes such as criticism, comment, news reporting, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. For any copyright related matters, please contact: [email protected]