Discussion in 'International Politics' started by amoy, Jun 11, 2013.
Nicaragua canal: Will China build rival to Panama Canal? - CSMonitor.com
Nicaragua canal construction to begin in December - France - France 24
Bets of luck china
I don't doubt if Chinese can complete this project.
The question is: is it profitable?
Can Chinese make a palindrome from its canal project?
the background of this HKND Group looks dubious. reportedly a telecom firm according to its website, not well known before, all of a sudden started to stage a 30b euro project , for which the return on investment is supposed to b slow.
Chinese govmt denied state backing, without which the prospect of such a grandiose plan seems rough. Nicaragua even has no diplomatic ties with PRC.
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Work on Nicaragua canal to begin in December
Work on a huge project to rival the Panama Canal will begin in December with construction of a port on the Pacific coast of Nicaragua, an official said Monday.
The 40 billion dollar project through Nicaragua linking the Caribbean and the Pacific has been assigned to a Chinese company, HK Nicaragua Development Co.
More than 1,000 specialists from several countries are carrying out environmental impact and other studies, said Telemaco Talavera, a presidential adviser on the canal project.
The firm is also carrying out a census of people and property in communities along the path of the planned waterway.
The Canal has to be wider and deeper than the Panama Canal so as to be able to take ultra large crude carriers (ULCCs) of 550,000 DWT if it is to have any import.
Further, for military purposes, the canal should be able to take on the huge aircraft carriers that are being built.
Nicaragua breaks ground on historic canal project
Comparison btwn Panama Canal and Nicaraguan Canal
At 287 km that's a hell of a long canal.
Iran Eyes Role in Nicaragua Canal Project
Interoceanic Grand Canal is about to link the Pacific and Atlantic oceans.
Foreign Minister Mohammad Javad Zarif says Iran is interested in a massive project to build a canal across Nicaragua which will link the Pacific and Atlantic oceans.
Zarif visited Nicaragua on Tuesday along with representatives of Iranian companies and discussed their possible involvement in the 50-billion-dollar project which is groomed to rival the Panama pathway.
China’s HKND group is tasked with carrying out the megaproject, with the construction about to begin at the end of this year.
At 172 miles (278 km), Interoceanic Grand Canal is over three times the length of the 100-year-old Panama Canal, which was completed by the United States 34 years after French engineers began it.
The US and its allies have tried to cast doubt on the project and question its viability.
The new route is also deeper and wider than the Panama Canal, triggering a flurry of resentment from the US and its allies which have tried to cast doubt on the project and question its viability.
Moreover, China's involvement would be a direct challenge to the United States, which controlled the Panama Canal until 1999.
Is this still going on? Last I remember , the promoter of this project suffered heavy losses in last year's Chinese stock market crash.
It's too long. They could make two more tunnels parallel to Panama with that much digging
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