From the Panam Post:

Mexico is planning to build its own Panama Canal in the state of Oaxaca.

Governor Alejandro Murat recently announced plans for the construction, which will connect the Pacific Ocean with the Atlantic by way of the port of Salina Cruz and Coatzacoalcos, Veracruz.

Murat took over as Governor of Oaxaca eight months ago, and though he inherited “complicated finances,” he said it won’t stop them from
completing the project, in addition to several others lined up for the coming years. His administration plans to connect the tourist port of Puerto Escondido with Mexico City with a new highway, which he said will only take six hours to travel.

More at the Panam Post