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 ...
So how much demand is there for a canal capable of handling ships displacing 400,000 tons? Right now the only ships that size are the T1 tankers running oil from the middle east to Europe and Asia. Those aren't going to do that via Nicaragua. The Panama Canal Expansion, due to go into service in a year or two, can easily handle the largest container ships. It would seem to me that the Nicaragua project will be a canal without a customer.
They do but I don't think it's wide enough to accomodate many of today's super tankers.......
Kudos to the Chinese for having the foresight to attempt this project. Hopefully it will do for Nicaragua what the Panama Canal has done for Panama City and the rest of the country.....
If we tried to do something like that today, every eco-nut in the world would be chaining themselves to our construction equipment, while they would be finding endangered species by the truckload.
I have a map I acquired years ago from a source that can’t be named, that indicates the route of the US survey for the canal route across Nicaragua. The map was prepared for the 39th Congress by the US Engineer office in 1931.
The route starts as shown on this map, at Brito and the Rio Grande, but when it gets to the blue lake, it swings south to the Rio San Juan that divides Nicaragua and Costa Rica.
Gadzooks! I haven't seen a 41-year old wang... 
since the day before my 42nd birthday--
Longshoremen, Teamsters, Democrats, Lawyers, EPA, OSHA, EEOC...
Take your pick, they’re everywhere! It’s really hard to do an efficient, productive job sometimes.
I hope the UN is requesting an environmental impact study.
I know I would rinse a pan or two.
That’s actually a real good idea for Mexico and the US.
Might be a conduit for ChiCom war ships.............
The US is more concerned about Russia’s border with Ukraine that (1) our border with Mexico and (2)a strong Chinese presence in Nicaragua.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.