From the press release by the Ministry of Works, Transport and Housing (Soptravi):

In consultaion with Ministers the leader of SOPTRAVI, Miguel Pastor announced that the government of Brazil is interested in financing the construction of the second stage of the dry canal linking the south and north of the country, generating savings in fuel and time for thousands of domestic and foreign drivers who will use this axis road.

"It is important to emphasize the collaborative spirit and the will that exists in Brazil to cooperate with the country's development in different areas, energy and infrastructure, it is also worth noting the high degree of esteem, confidence and credibility, that President Lobo has generated with this fellow southern country, and as a result of the meeting that was held between the governor and President Dilma Rousseff ", said minister Pastor.

More on this topic

Financing of Oceanic Canals

September 2012

The Government of Nicaragua has announced the constitution of a company in Hong Kong in order to raise the necessary capital to build the wet and dry canals projects it has planned.

From an article in Elpueblopresidente.com:

The President, Daniel Ortega, said the Government had signed a memorandum of understanding with a company incorporated in Hong Kong, China, for the construction of the Grand Interoceanic Canal in Nicaragua.

Panama Canal vs Colombia Dry Canal

February 2011

There is never too much facilitation for commerce: we welcome the Chinese-Colombian project to unite by ground the Pacific with the Atlantic.

The Panama Canal Authority understands that and beyond feeling prepared for the competition this project would represent, they indicate that the more developed infrastructure the region has, the more it becomes a logistics hub.

Dry Canal Revival in Nicaragua?

July 2010

The Port of Monkey Point could be the first stage in a project that includes an oil pipeline, a coast-to-coast train and the expansion of the Port of Corinto in the Pacific.

Two South Korean companies signed a memorandum of understanding in July with the country's National Ports Company (EPN) regarding the expansion of the Caribbean Port of Monkey Point.

Honduras gets to work on the Dry Canal

July 2008

Honduras has begun construction of its stage of the "Dry Canal", the Central American inter-ocean highway. The project is backed by the Central American Bank for Economic Integration (BCIE).

The 100-kilometer route is to link Goascorán, on the border with El Salvador, with Villa de San Antonio in central Honduras.