Nicaragua canal project is gathering momentum b4in.org/r0AL The Sydney Morning Herald reports that sometime later this year, President Daniel Ortega and Chinese telecom tycoon Wang Jing will decide whether to give the Nicaragua canal project a green light, possibly unleashing earthmovers on one of the largest engineering challenges the world has ever seen, comparable even to Chinas enormous Three Gorges Dam. If the transoceanic canal gets the go-ahead, it might take a decade to build, gobble $60 billion and slice through vast stretches of tropical forest. At 180 miles, it would be more than three times the length of the US-built Panama Canal. It also would accommodate supertankers and giant container ships that are far bigger than those the Panama Canal will accept when its expansion is complete next year. For China, the plan would mean easier access to crude oil from Venezuela and a greater foothold in the Western Hemisphere. Such geopolitical considerations may weigh more for China than the price tag. More b4in.org/r0AL
Posted on: Tue, 21 Jan 2014 22:18:09 +0000
Trending Topics
Recently Viewed Topics
© 2015