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China To Build Nicaragua Canal, "World's Largest Infrastructure Project Ever"
Zero Hedge ^ | 8-6-2014 | Tyler Durden

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 ...


TOPICS: News/Current Events
KEYWORDS: china; nicaragua; nicaraguacanal; panamacanal; shipping
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To: morphing libertarian
If I were Mexico I would develop a pacific and Atlantic port. Mexican trucks can deliver the goods north and the shippers will pay lower unloading fees with no longshoremans union to deal with

Leave the cargo container on ship and off load them in Houston, New Orleans, Tampa, Miami, Jax, Charleston, Norfolk, Baltimore, etc, etc.

21 posted on 08/06/2014 9:45:31 PM PDT by BwanaNdege ( "Our Emperor may have no clothes, but doesn't he have a wonderful tan" - MSM)
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To: BwanaNdege

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!


22 posted on 08/06/2014 9:49:23 PM PDT by CondorFlight (I)
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To: BwanaNdege

Don’t they have longshoremans union in those ports


23 posted on 08/06/2014 9:52:37 PM PDT by morphing libertarian
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To: Mr Rogers

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.


24 posted on 08/06/2014 9:53:14 PM PDT by A Formerly Proud Canadian (I once was blind but now I see...)
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To: blam
San Francisco and the Nicaragua Canal
by William Lawrence Merry (1900)
25 posted on 08/06/2014 9:54:19 PM PDT by Prospero (Si Deus trucido mihi, ego etiam fides Deus.)
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To: blam
Thank God we're no longer the sort of pushy bastards who charge headlong into the future like these Chinese ruffians.

/sarc

It's sickening how leftist scum have driven this country into the ditch
 and how the "silent majority" let them

26 posted on 08/06/2014 9:54:23 PM PDT by Rashputin (Jesus Christ doesn't evacuate His troops, He leads them to victory.)
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To: blam

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.


27 posted on 08/06/2014 9:57:52 PM PDT by PGR88
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To: PGR88
The project is estimated to cost $50 billion

What,.... per mile? Better add a few sheckles on to that estimate, Wang.
28 posted on 08/06/2014 10:19:07 PM PDT by 98ZJ USMC
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To: Forward the Light Brigade
The Chinese thing in long term plans-—they think 100 years in advance.

It's kind of amusing to contemplate them preparing the ground for their crushing defeats in the Anglo-Chinese Wars a century in advance.

29 posted on 08/06/2014 10:31:04 PM PDT by Zhang Fei (Let us pray that peace be now restored to the world and that God will preserve it always.)
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To: blam

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.


30 posted on 08/06/2014 10:34:57 PM PDT by Zhang Fei (Let us pray that peace be now restored to the world and that God will preserve it always.)
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To: Zhang Fei

shipping rates would as well.


31 posted on 08/06/2014 10:43:16 PM PDT by RitchieAprile
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To: CondorFlight
This is the end of Panama’s prosperity.

No. This is the end of the American Era.

32 posted on 08/06/2014 11:05:17 PM PDT by montag813
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To: CondorFlight

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.


33 posted on 08/06/2014 11:11:40 PM PDT by pepsionice
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To: blam

Good Bye to the world class surf breaks of southern Nica.


34 posted on 08/06/2014 11:20:04 PM PDT by wxgesr (I wanna be the first person to surf on another planet......)
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To: blam

Good luck getting the environmental study approved.....

Oh Wait...


35 posted on 08/06/2014 11:55:34 PM PDT by GraceG (No, My Initials are not A.B.)
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To: morphing libertarian

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.


36 posted on 08/07/2014 12:00:04 AM PDT by octex
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To: A Formerly Proud Canadian

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/


37 posted on 08/07/2014 12:13:08 AM PDT by VanShuyten ("a shadow...draped nobly in the folds of a gorgeous eloquence.")
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To: blam

What are the military implications? China thinks it can rule the Pacific,and wants access to the Atlantic?


38 posted on 08/07/2014 3:19:04 AM PDT by grey_whiskers (The opinions are solely those of the author and are subject to change without notice.)
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To: blam

Can’t blame China for filling the vacuum, they are going to OWN the 21st century, thanks to our Baby Boom generation.


39 posted on 08/07/2014 4:19:12 AM PDT by BobL
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To: rottndog
This pretty much will kill LA/Long Beach ports.

Why?

40 posted on 08/07/2014 4:31:59 AM PDT by DoodleDawg
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