Posted on 10/01/2006 3:28:29 AM PDT by tlb
Nicaragua intends to spend $20 billion on a new Central American waterway that was initially proposed in the 19th century.
If approved by Nicaragua's Congress, the project would be a joint public-private venture financed by unnamed investors, said Lindolfo Monjarretz, a spokesman for Nicaraguan President Enrique Bolanos.
"We will have a deeper draft than the Panama Canal and reach a different market than Panama," Monjarretz said in a telephone interview. "The construction of the canal will be pushed forward by Nicaragua because it's necessary for global trade."
The official announcement will come Monday.
"We know that for every 100 ships that come to the Americas, only 7 use the Panama Canal," he said, according to Nicaraguan media reports. "There's a lot of business to share."
(Excerpt) Read more at latimes.com ...
I agree and I'll go further. I think the Path Between the Seas should be required reading in high schools. The students need an education to develop some baseline for the costs of human endeavor, the need for proper logistics and the value of the sweat of their grandfathers.
Big dig???? Did somebody say BIG DIG????
Now I know what's going on..
The bozos from Boston who presided over the Big Dig farce are looking for their next "money pit", or "glory hole" as it may be!
I wonder if Nicaragua has extradition?
In all liklihood the proposed route will follow the same route that has always been proposed.
Up the Rio Juan via locks, across Lake Nicaragua, then via deep cuts and a few locks from the lake over (and through) and down the mountains to San Juan del Sur. The last stretch is only 15-20 miles -- which would be a lot less foreboding today than it would've been around 1900.
bttt
"I think the Path Between the Seas should be required reading in high schools."
Well on the bright side it has lots of pictures for those students who don't know all the big words.
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