Which Country Plans a Rival Canal to the Panama Canal?

Nicaragua has long pursued plans for a Nicaragua Canal linking the Pacific and Atlantic Oceans, as a rival to the Panama Canal. The most recent major proposal (2013) involved a concession to HK Nicaragua Canal Development Investment (HKND Group) for a 278-km route via Lake Nicaragua. However, the project has stalled due to financing challenges, environmental concerns, seismic risks, and questionable economic viability. As of 2024, no construction has materialized beyond preliminary studies.