Posted on 08/06/2014 9:14:07 PM PDT by blam
Tyler Durden
08/06/2014
A month ago, a Nicaraguan committee approved Chinese billionaire Wang Jing's project to create The Nicaraguan Canal. With a planned capacity to accommodate ships with loaded displacement of 400,000 tons (notably bigger than The Panama Canal), the proposed 278-kilometer-long canal that will run across the Nicaragua isthmus would probably change the landscape of the world's maritime trade.
"The project is the largest infrastructure project ever in the history of man in terms of engineering difficulty, investment scale, workload and its global impact," Wang told reporters, adding that with regard the project's financing, which is around $50 billion, Wang seems quite confident, "If you can deliver, you will find all the world's money at your disposal."
Worried about conservation? Don't be: "We have 100-year concession rights, we will be responsible to ourselves, and we are there to build, not to destroy," explained Wang.
As China Global Times reports,
"In the mountains and rivers of Central America, work on one of the world's largest infrastructure projects is progressing as planned, driven by Chinese billionaire Wang Jing."
...
The Nicaragua Canal, which is about four times the length of the Panama Canal, will connect the Atlantic Ocean and the Pacific Ocean upon its completion. The project is estimated to cost $50 billion.
"Our canal lock is 15-meter-thick, hard steel. Imagine its size. [It'll be] the world's largest," the 41-year-old Wang said"
(snip)
(Excerpt) Read more at zerohedge.com ...
Leave the cargo container on ship and off load them in Houston, New Orleans, Tampa, Miami, Jax, Charleston, Norfolk, Baltimore, etc, etc.
This is the end of Panama’s prosperity.
But at least Panama doesn’t have to put up with Gringo
exploitation any longer—Jimmy Carter solved that!
Don’t they have longshoremans union in those ports
In 1959-60, Alberta Premier Ernest Manning seriously considered using a nuke, part of Project Ploughshares, to see if it could free up oil from the Athabasca Tar Sands. The plan did not go through.
/sarc It's sickening how leftist scum have driven this country into the ditch and how the "silent majority" let them
Being statist central planners, communist chinese are always good at coming up with ideas and government money for things that made sense 50 years ago.
If they want to pay for a ditch to be dug through Nicaragua, let ‘em.
It's kind of amusing to contemplate them preparing the ground for their crushing defeats in the Anglo-Chinese Wars a century in advance.
I’m not sure if it’s an economic project, but it’s certainly an excellent idea. If this project is completed, Panama Canal fees will nosedive. I’d like to see a timeline on this.
shipping rates would as well.
No. This is the end of the American Era.
There never was any prosperity tied to Panama and the Panama Canal. I was there for three years and can attest to that part of the bogus legend.
The canal ran itself all the way to the end of US occupation with no real profits. Whatever the ships paid...basically covered the normal operating costs. Any upgrades or major modifications to the canal for the eighty-odd years? All covered by Congress.
Everything that the US handed over to Panama as part of the treaty (even going back to 1980)? Ruined within three years on average. They envisioned that everything was making money and the gringos were stealing it from them. As they took over various pieces of the canal operation...they found that they’d never have the capital to keep it running. This is one reason why China is going to invest the money into the Nicaragua Canal....knowing that it’s built right and sustainable.
Even the Howard runway area...which they envisioned as a major hub of passenger travel and tourism? Stagnant...it can’t attract enough people to sustain the costs involved.
The only way that Panama got ahead? Troops there spent money and it filtered down into the middle-class. That twenty-odd million dollars a year really made a difference on the city and locals.
Good Bye to the world class surf breaks of southern Nica.
Good luck getting the environmental study approved.....
Oh Wait...
and the shippers will pay lower unloading fees with no longshoremans union to deal with
****************************
But the bribes they would have to pay to the Mexican politicians, army and drug cartels would probably cost more.
I remember something about a nuke being used to frack for natural gas. It worked, but the gas was too radioactive to use.
Here’s a good article about it:
http://aoghs.org/technology/project-gasbuggy/
What are the military implications? China thinks it can rule the Pacific,and wants access to the Atlantic?
Can’t blame China for filling the vacuum, they are going to OWN the 21st century, thanks to our Baby Boom generation.
Why?
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