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Old June 8th, 2012, 06:15 AM   #41
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News of a Nicaragua Canal emerges once again!
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Old August 7th, 2012, 04:58 AM   #42
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I would love to see this one day, built in the country. It would totally change it!
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Old August 26th, 2012, 05:09 PM   #43
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Dutch firms look at feasibility of Nicaragua canal
Associated Press – Mon, Jul 30, 2012

AMSTERDAM (AP) — Two Dutch companies say they have been awarded a $720,000 (€587,000) contract by the Nicaraguan government to study the feasibility of building a rival to the Panama canal that would travel through Nicaragua and Costa Rica.

Since the early 1800s, the so-called "Nicaragua Canal" has been considered a serious possibility as a route that could link the Pacific Ocean and Caribbean Sea, though the Panama Canal ultimately won out. Some experts believe the growth of global shipping means that two canals through Central America would benefit the industry, especially if a Nicaragua Canal could accommodate larger ships.

Infrastructure company Royal HaaskoningDHV and Ecorys said Monday they will complete their study by early 2013. The Nicaraguan government has loosely estimated construction costs at $20 billion and would seek international investors.
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Old September 10th, 2012, 12:06 AM   #44
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Nicaragua Inching Towards Canal Construction with Financing from Chinese Firm

Nicaragua has signed a memorandum of understanding with a Chinese company on financing for a $30 billion inter-oceanic canal, a government official told Efe on Friday.

The document was signed by Nicaraguan deputy foreign minister and president of the Grand Interoceanic Canal Authority, Manuel Coronel Kautz, and the head of the HK Nicaragua Development Inversion Company, Wing Jang, the official said.

More here: http://www.hispanicallyspeakingnews....nese-fi/18373/
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Old September 12th, 2012, 03:24 AM   #45
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It seems as if there could be some competition for the Panama canal in the future.
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Old September 12th, 2012, 03:54 AM   #46
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There should be an alternative to the Panama Canal considering so much global shipping goes through there. After that, the next big canal should be an alternative to the Malacca straits by cutting through Thailand, easing shipping between the Indian Ocean and the South China Sea (Europe-Asia trade).
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Old September 12th, 2012, 05:47 AM   #47
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Such a canal would lead to significant benefits for Nicaragua...both from construction and shipping tax after the project is completed...this along with the expansion of the Panama canal would also increase the shipping traffic in the Caribbean and central american ports.
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Old September 12th, 2012, 09:35 PM   #48
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Look to like a pipe dream, I don't think the people involved in proposing this canal really can grip the amount of earthworks involved. They would have to dig up biblical amounts of earth, the construction time is probably in the decade range rather than a few years.

I also don't think we will ever see a thai or malay canal, there are huge mountain ranges that would requier tunneling or ridiculously large ship locks lifting the ships hundreds of metres up and down. Not to mention the 100 km distance to dig.
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Old September 13th, 2012, 10:11 PM   #49
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Quote:
Originally Posted by gincan View Post
Look to like a pipe dream, I don't think the people involved in proposing this canal really can grip the amount of earthworks involved. They would have to dig up biblical amounts of earth, the construction time is probably in the decade range rather than a few years.

I also don't think we will ever see a thai or malay canal, there are huge mountain ranges that would requier tunneling or ridiculously large ship locks lifting the ships hundreds of metres up and down. Not to mention the 100 km distance to dig.
Call me crazy, but I think the organizers have at least one engineer on this so I think they know what they're doing.
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Old September 14th, 2012, 03:54 AM   #50
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Well, the Thai canal has been mentioned before, but seems they were never serious enough to get the shovels going.

http://www.theage.com.au/news/World/...862317996.html

The Nicaragua alternative is quite intriguing, since it's a much wider expanse of land to dig through, but that may mean serious environmental impact on Lake Nicaragua, where I suspect the canal will somehow drain into on both sides. But then, if China is funding it, I don't think there will be a shortage of money or engineers to figure out how to dig through mountains and such.
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Old June 11th, 2013, 04:01 AM   #51
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Nicaragua panel OKs canal deal for Chinese group
10 June 2013

MANAGUA, Nicaragua (AP) -- A Nicaraguan congressional committee has approved giving a China-based consortium the concession to build and operate a canal between the Pacific and Caribbean, fast-tracking the huge development project over objections from the opposition.

Infrastructure committee president Jenny Martinez says the bill was immediately sent to the National Assembly after Monday's vote.

Opposition lawmakers voted against it, saying the initiative is being rushed and has too many obscure points.

President Daniel Ortega's Sandinista Front controls the national legislature, which is expected to vote on the bill Thursday.

The Chinese company HK Nicaragua Canal Development Investment Co. Ltd. is working with the Nicaraguan government on the canal project. Experts say it could take 11 years to finish, cost $40 billion and require digging about 130 miles (200 kilometers) of waterway.
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Old June 11th, 2013, 04:37 AM   #52
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North to Nicaragua, Honduras is closing diplomatic ties with Taiwan, because China is interested in constructing an interoceanic rail. Why Honduras? It's simple, Honduras is the only country in Latin America with the deepest bays, which make it possible for the largest ships to stop there. Why is this needed? China and the USA are trading so much, that the Panama canal will inevitably become insufficient. Ships have to wait in line in the panama canal. But with a train from Amapala (pacific), Honduras, to Trujillo (atlantic coast), Honduras, this will be very profitable. Plus, china wants to invest in central america, because they are experiencing a cost/time disadavntage with mexico, and nicaragua's education standards are the lowest in central america.

Honduras is the place to invest right now. At this moment three huge hidroelectric power plants are being built. This will lower the cost of energy, and make Honduras more competitive.
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Old June 15th, 2013, 06:32 AM   #53
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Interesting!! But what does that have to do with the CANAL DE NICARAGUA ???
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Old June 15th, 2013, 06:41 AM   #54
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Nicaragua panel OKs canal deal for Chinese group
10 June 2013

MANAGUA, Nicaragua (AP) -- A Nicaraguan congressional committee has approved giving a China-based consortium the concession to build and operate a canal between the Pacific and Caribbean, fast-tracking the huge development project over objections from the opposition.

Infrastructure committee president Jenny Martinez says the bill was immediately sent to the National Assembly after Monday's vote.

Opposition lawmakers voted against it, saying the initiative is being rushed and has too many obscure points.

President Daniel Ortega's Sandinista Front controls the national legislature, which is expected to vote on the bill Thursday.

The Chinese company HK Nicaragua Canal Development Investment Co. Ltd. is working with the Nicaraguan government on the canal project. Experts say it could take 11 years to finish, cost $40 billion and require digging about 130 miles (200 kilometers) of waterway.
Good article. There should be no stopping to this. It is illogical for the canal not to be built!
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Old June 16th, 2013, 12:27 AM   #55
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Parliament also approved the concession:
http://www.bbc.co.uk/news/world-latin-america-22899744

Quote:
The Nicaraguan Congress has approved a proposal to have a canal built linking the Pacific and the Atlantic Oceans.

A Hong Kong-based company has been granted a 50-year concession to build the waterway, which will rival the Panama Canal.

The $40bn (£25bn) plan has been criticised by environmentalists, who say cargo ships will create a permanent risk to Lake Nicaragua.

But President Daniel Ortega says the project will bring prosperity.

Nicaraguan leaders have for centuries dreamt of building a canal linking its Caribbean coast to the Pacific.

Several initiatives failed and the project suffered what seemed to be a final blow when the United States decided to build a canal in Panama, which opened in 1914.

"One of Nicaragua's great riches is its geographic position, that's why this idea has always been around,'' Sandinista government congressman Jacinto Suarez in Congress on Thursday.

"Opposing it is unpatriotic,'' he added.

The projected was approved in Congress by 61 to 28 votes.

A Chinese company - the Hong Kong Nicaragua Canal Development Investment Co - was chosen to carry out the project.

Critics say the company lacks the necessary experience to undertake such a huge project.

The concession can be extended for another 50 years once the canal is operational.

The Nicaraguan government will get a minority share of the profits generated by the canal.
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Old June 16th, 2013, 12:36 AM   #56
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It is so not going to happen.
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Old June 16th, 2013, 05:30 AM   #57
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It is so not going to happen.
Why not?

Here's the website for the group given the concession:

HK Nicaragua Canal Development Investment's (HKND Group)

Code:
http://hknd-group.com/
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Old June 16th, 2013, 08:40 AM   #58
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Congrats!!! Hopefully It becomes true.
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Old June 16th, 2013, 04:50 PM   #59
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Realy big chalange. Level of lake is over 30 m above see level.

Anyway good luck.
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Old June 16th, 2013, 05:32 PM   #60
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It's not going to happen. It is not a feasible proyect in any way, shape, or form - economically, geographically, or politically. Investors are not yet confident of Nicaragua. There isn't even a factibility study. They don't even know which routes they will use (which rivers). This is just propaganda so the Sandinistas win reelection.
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