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Nicaragua backtracks, says canal construction to begin this year not in 2015
Reported by: Associated Press
Reported: Monday, January 6, 2014 9:57 PM EST
Nicaragua's government says the construction of the nation's inter-ocean canal will start at the end of this year, contradicting a recent announcement that it would be delayed until 2015.
On Saturday, Coronel Kautz told La Prensa newspaper that construction would begin a year later than planned because the waterway's path has yet to be defined.
Nicaraguan legislators in June approved granting Beijing-based telecommunications CEO Wang Jing a concession to build and operate the canal.
Proponents say the project could lift Nicaragua from poverty. Opponents say it's not feasible economic and could damage the environment.