Russia to Build Nicaragua Canal? I Don't Think So.
According to some reports from Russia/Bulgaria (with a spelling error in the very first sentence), Russia is "interested in the long-planed project for a Nicaraguan canal linking the Atlantic and Pacific Oceans"
A Bulgarian or Russian news agency came up with this: Russia May Build Long-Planned Nicaragua Canal
This isn't going to happen. First of all, Russia doesn't think that far ahead. China, maybe. Second of all, Russia knows that going around the world is harder than going next door. Ukraine and Georgia are easier than Afghanistan and Nicaragua.
But China has no reason to build another canal - it's already got the Panama Canal. I don't know the facts, first hand but I'm sure China has been wisely investing in relations in Panama. Certainly the Chinese already own many businesses in Panama.
Who does that leave? And to build a canal in unstable Nicaragua? Nobody is going to build a canal in Nicaragua anytime soon; probably ever.
Nicaragua probably does deserve some kudos for the increased power generation that has supposedly been installed there. But that one accomplishment is remarkable and probably the extent of the progress we will see there.