I doubt that a sea level canal is feasible. Much of the planned route is on Lake Nicaragua, whose surface is 107' above sea level.
Draining the lake probably wouldn't be a good idea...
I hadn't even looked, assuming the engineers know what they're doing. Looking at the terrain, I would assume that coming in via Lake Managua then to Lake Nicaragua would be the correct course, but is sure isn't "sea level." 170' is a lot of material. Where the hell would they put all that dirt, out to sea?