The interoceanic canal project aims to build an alternative to the Panama Canal. Beyond the waterway itself, which will run through the Nicaragua lake and take a northern route to the Atlantic coast, the project entails a deepwater port on both ends of the canal; an oil pipe running next to the canal; a dry canal for the transport of cargo via freight rail lines; a free trade zone on both ends of the canal; an international airport in both free trade zones; and any other complementary infrastructure.
Once under way, construction of the 280km canal is expected to take at least 10 years. The initiative, which would connect Nicaragua's Caribbean and Pacific coasts, is expected to double the country's GDP per capita. Total labor is estimated at around 40,000 workers.
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|Short names||Canal Interoceánico Nicaragua|
|Primary activities, subsector||Infrastructure|
|Secondary activities||canals and waterways|