17 Jun 2013 - 10:19 by Local Press Report
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MANAGUA
A proposed Nicaraguan waterway rivaling the Panama Canal would cause an environmental disaster threatening drinking water supplies and fragile ecosystems, AFP reports citing conservationists. President Daniel Ortega approved the $40 billion deal Thursday, granting the concession to little-known Hong Kong-based company HK Nicaragua Canal Development Investment Co., known as HKND Group.