Nicaragua Canal project steps up to rival Panama

Discussion in 'Americas' started by john70, Jun 15, 2012.

  1. john70

    john70 Regular Member

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    Nicaragua Canal project steps up to rival Panama


    Alexey Pilko
    Jun 15, 2012 13:41 Moscow Time

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    A new canal in Central America would probably become a rival for the Panama Canal.
    An alternative waterway is expected to relieve the busy traffic between the Atlantic and the Pacific oceans. The new transoceanic transit route would pass through the territory of Nicaragua and allegedly an international consortium is said to have been awarded a multi billion contract to construct it.

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    The idea of building a channel across Nicaragua dates back hundreds of years. In the 16th century, a Nicaraguan canal project appeared for the first time. At the end of the 18th century it was proposed to cut a channel through Lake Nicaragua and the San Juan River. Later, in the 19th century, the project started to take shape. In 1830 there was the first attempt to study the topographic structures on the site of building the canal, and in 1837 came a second. In 1889, the Nicaraguan Canal Company – after signing an agreement with Nicaragua and Costa Rica – got down to work. But it did not manage to raise enough money for the construction as investors did not want to fund the project. The Panama Canal became the successful alternative.

    Now times have changed. It is obvious that the construction of the “second Panama Canal” is long overdue and there are several reasons for this, of which the economy is the most predominant. The Panama Canal that was inaugurated in 1920 is now unable to cope with the constantly growing amount of traffic. Its turnover capacity does not handle the number of vessels that want to use the shortest route between the oceans. Thus, from an economic point of view, a new Nicaraguan canal would be in high demand. In addition, its construction is not too expensive due to natural reasons. The area is favorable for construction; there are no highlands and there is an opportunity to take advantage of Lake Nicaragua. It should be noted that the implementation of such an ambitious project will finally put on the agenda of the international community, exhausted by sorting out numerous conflicts and crises throughout the world, a truly creative project that the world economy will benefit from. Clearly, Nicaragua itself would not be able to manage the construction of such a canal in financial terms. So, if the project gets a nod, international investors will fork over money.


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    Crystal Cruise in Panama


    For Russia it is important to take part in an international consortium of investors for the construction of the Nicaraguan Canal. This will strengthen Russian-Nicaraguan relations and enhance the expansion of the Russian economic presence in Latin America. Moreover, Moscow and Managua have friendly relations as Nicaragua is among the countries that have recognized the independence of South Ossetia and Abkhazia. In addition, a new transoceanic waterway will become truly international and neutral. In contrast, the Panama Canal remained under the direct control of the United States until 1999.

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    Panama Canal Locks


    It should be emphasized that participation in major economic projects in Latin America, expansion of trade relations with South American countries as well as development of military cooperation with said states fully meets Russia's national interests. Importantly, the majority of Latin America’s states have a very positive attitude to Russia. It is perceived as a country with peaceful aspirations, on which the strategic balance and maintenance of world peace largely depends. Therefore, relations between Russia and Latin America have a great future.

    Alexey Pilko
    Associate Professor at the Moscow Lomonosov State University
    Faculty of World Politics
     
    Last edited: Jun 15, 2012
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  3. W.G.Ewald

    W.G.Ewald Defence Professionals/ DFI member of 2 Defence Professionals

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    Artist's conception of the proposed canal, 1899

    At least with a canal in Nicaragua you would go from east to west from Caribbean Sea to Pacific Ocean.
     
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  4. IBSA

    IBSA Regular Member

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    Nicaragua Canal will be a good thing for the country and the all region. Further succeed the old Panama Canal with a more width and modern passage, more adequated to big ships of today, this Canal can bring some money and development to the Nicaragua, one of poorest countries of Central America. See as Panama Canal Zone is today, a rich place with many banks and buildings. Panama has the second best social indicators in the isthmus's countries, just losing to Costa Rica.
     
  5. W.G.Ewald

    W.G.Ewald Defence Professionals/ DFI member of 2 Defence Professionals

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  6. W.G.Ewald

    W.G.Ewald Defence Professionals/ DFI member of 2 Defence Professionals

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  7. trackwhack

    trackwhack Tihar Jail Banned

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    Wont this kill Lake Nicaragua over time with salt water increasing the lakes salinity and hence destroying the current ecosystem?
     
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  8. W.G.Ewald

    W.G.Ewald Defence Professionals/ DFI member of 2 Defence Professionals

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    I believe you are right, and a sea-level canal would allow invasive species from both Pacific and Caribbean.

    Ecological Dangers Of A Sea-level Canal - Chicago Tribune
     
  9. IBSA

    IBSA Regular Member

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    Nicaragua wants India to join in mega canal project

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    Nicaragua wants to involve Indian businessmen in a $40-billion project to connect the Pacific and Atlantic Oceans by a mammoth canal. The project has been awarded to a Chinese entrepreneur and will be longer than the Panama Canal, but some doubt if it will ever be completed.

    The canal faces opposition from environmentalists as it will cut across a major freshwater lake. It is likely to be used by super large tankers carrying shale gas to Asian markets and India is among those countries that could get gas from the U.S.

    Visiting Nicaraguan Foreign Minister Samuel Santos Lopez elaborated the details of the canal to External Affairs Minister Salman Khurshid at a meeting with industry representatives, said External Affairs Ministry spokesperson Syed Akbaruddin.

    Mr. Lopez also reiterated support for India’s candidature for a permanent seat in the U.N. Security Council. India is involved in setting up two after putting an IT centre online.
     
  10. IBSA

    IBSA Regular Member

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    Nicaragua's Canal had propositions to be build by Russia, after China, and now India. In my opinion nor Russia, nor China or even India, but everybody. Nicaragua's Canal should be build jointly by five BRICS countries, as a way to cut off the costs of the works and be a win-win project for all BRICS. It may be invested the money of BRICS common fund created in the last meeting.

    Great powers has builded large canals to establish their world power. UK made the Suez Canal and USA made the Panama Canal. Nicaragua Canal will be the time of BRICS to show for world their newly accumulated power and challenge the current Unipolar World Order around USA in favor of a Multipolar World Order headed by the BRICS.
     
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  11. asianobserve

    asianobserve Elite Member Elite Member

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    As they say competition is always good for consumers...
     
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  12. lookieloo

    lookieloo Regular Member

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    Somehow, I don't think the Russians of all people would give a flying-fvck.

    The Aral Sea Crisis

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