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Caribbean-Latin America
Nicaragua approves route for $40 billion canal linking oceans
2014-07-11

A Nicaraguan committee approved a proposed route on Monday for a $40 billion shipping channel across the Central American country that would compete with the Panama Canal.

The committee of government officials, businessmen and academics approved a 172 mile (278 km) route from the mouth of the Brito river on the Pacific side to the Punto Gorda river on the Caribbean that was proposed by executives from the HK Nicaragua Canal Development Investment Co Ltd (HKND Group).

The Hong Kong-based HKND group, which is leading the project, is headed by Chinese lawyer Wang Jing, who also heads Chinese company Xinwei Telecom Enterprise Group.

The proposed canal would pass through Lake Nicaragua, Central AmericaÂ’s largest lake, and will be between 230 meters and 520 meters (755 feet to 1,706 feet) wide and 27.6 meters (90 feet) deep, said HKND engineer Dong Yunsong.
Posted by:3dc

#8  Where's a tree hugger when you need one?
Posted by: Ebbang Uluque6305   2014-07-11 13:18  

#7  One would hope that there will be more than the normal Chinese quality control.

Don't count on it. The US backed off that plan because of the threat of poisonous Pacific animals migrating to the Caribbean (like the lionfish already has).

Expect lots of new creepy-crawlies to appear if this project goes through.
Posted by: Frozen Al   2014-07-11 12:10  

#6  One would hope that there will be more than the normal Chinese quality control.
Posted by: tipover   2014-07-11 11:10  

#5  Iblis, that model is essentially the British model from the nineteenth and the US model from the twentieth centuries.
Posted by: Glenmore   2014-07-11 09:26  

#4  The Chinese are quite clever at this kind of project. They fund it, then pay Chinese companies to do all the work. It makes jobs for Chinese and keeps the money at home, and the local third work piss pot gets a prestige project.
Posted by: Iblis   2014-07-11 08:56  

#3  The article illustration - is that the good old commie smashing the holdings of the west coast International Longshore and Warehouse Union and their pension fund? Irony can sometimes be so entertaining.
Posted by: Procopius2k   2014-07-11 08:34  

#2  That the Chinese would get in on this project, is them tacitly saying that they consider the West Coast no longer a preferable shipping target. They're expecting California et al to begin jacking up port fees, loading fees, and shipping hold charges to try and balance their budgets, because the vast bulk of the product moves to another location for use.
Posted by: ed in texas   2014-07-11 07:35  

#1  per article in british newspaper, construction to begin in dec 2014 and be completed in 2019

this despite the final route selection not being completed and detailed engineering barely begun and, essentially no environmental studies at all

Posted by: lord garth   2014-07-11 06:23  

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