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Nicaragua Gives Chinese Firm Contract To Build Alternative To Panama Canal

Posted by timothy on from the now-there's-a-weekend-project dept.

McGruber writes with this news from late last week: "The Guardian is reporting that Nicaragua has awarded a Chinese company a 100-year concession to build an alternative to the Panama Canal, in a step that looks set to have profound geopolitical ramifications. The new route will be a higher-capacity alternative to the 99-year-old Panama Canal, which is currently being widened at the cost of $5.2bn. Last year, the Nicaraguan government noted that the new canal should be able to allow passage for mega-container ships with a dead weight of up to 250,000 tonnes. This is more than double the size of the vessels that will be able to pass through the Panama Canal after its expansion, it said."

2 of 323 comments (clear)

  1. Good luck with that by Russ1642 · · Score: 5, Funny

    If it only takes them a hundred years and a trillion dollars it'll be a miracle. And here's a tip: bring in the French first. After they fail everyone will want to help you out because apparently nothing's more satisfying than beating the French at something.

  2. Costa Rica by edxwelch · · Score: 5, Funny

    You realise if the pull this off technically Costa Rica will become an island.