Business » Companies
Author`s name Timothy Bancroft-Hinchey

Nicaragua Canal: A better option than Panama

Nicaragua Canal: A better option than Panama. 53153.jpeg

Managua, (Prensa Latina) The recent announcement of an inter-oceanic canal in Nicaragua is now seen as a further step in realizing this project and as an opportunity to optimize global trade. Alberto Vega, of the company ERM - in charge of feasibility studies on the project - said in Managua that if this pathway becomes reality, it will meet current global demand for commercial transport.

The new canal will provide service for the ships with a deeper keel and the route will be shorter between Asia and modern ports on the east coast of the United States and Europe, he said. 


He explained that in the coming years, world trade will grow more than three times, which will create a greater demand for shipping capacity and will create more congestion in the Panama Canal in the next decade. To this is added the increase in the size of vessels which will exceed the capacity of existing canals and therefore a second waterway in Central America will help satisfy the demand at a lower cost, the expert explained. The same opinion is shared by Dong Yunsong, representative of HKND Group, the Chinese company based in Hong Kong and partner in this project.

For him, a canal through Nicaragua would take five percent of the world transportation trade. During the presentation of the final route on Monday, Yunsong made ​​reference to the economic benefits that this work is the infrastructure for the country, which could double its Gross Domestic Product and become one of the richest in Central America, he said.

The Nicaraguan canal will have a length of approximately 278 km, of which 105 will be a stretch of the lake Cocibolca. Its route will pass through the delta of river Brito, in the Department of Rivas, about 110 kilometers from Managua, cross the lake and be carried forward by the river Tule to the mouth of the river Punta Gorda, in the Autonomous Region of the Southern Atlantic.  

 

Besides this infrastructure will be built two deepwater ports, an area of ​​free trade, a resort, an international airport and the various connecting roadways. According to HKND, this channel will allow the passage of 5,100 vessels annually, including ships of large size, and the transit time is about 30 hours.

http://www.patrialatina.com.br/editorias.php?idprog=ca6037b5974c5b0dac440bcdfb299bce&cod=13989

Translation from the original Portuguese

by Ekaterina SANTOS

Portuguese version

PRAVDA.Ru

All amateur photos and video materials depicting the moment of Kennedy's assassination had been confiscated and immediately classified. The main amateur video, which was made as the motorcade was traveling on the street, was edited in a way to exclude the version about the existence of another shooter

Donald Trump to become America's another John Kennedy

An unidentified man broke into the office of Echo of Moscow (Ekho Moskvy) radio station on October 23 and stabbed radio host Tatyana Felgenhauer. The incident occurred in the afternoon, the victim was hospitalised, her life is out of danger

Echo of Moscow radio journalist stabbed in her throat in Moscow office
Comments
Russia and Saudi Arabia to decide the fate of oil
Twenty-year-old female student on a Lexus kills five pedestrians in Ukraine's Kharkov
Donald Trump to become America's another John Kennedy
The West fears Russian weapons based on new physical principles
The West fears Russian weapons based on new physical principles
Echo of Moscow radio journalist stabbed in her throat in Moscow office
Orinoid meteor shower to illuminate the skies at night
Echo of Moscow radio journalist stabbed in her throat in Moscow office
Warm war, revolution and breakdown: How the West wants to destroy Russia
People of color: NFL doesn't give a damn about you
People of color: NFL doesn't give a damn about you
Russia to introduce capital punishment for propaganda of terrorism
Russia to introduce capital punishment for propaganda of terrorism
Russia to introduce capital punishment for propaganda of terrorism
First cat in space to be immortalised
Echo of Moscow radio journalist stabbed in her throat in Moscow office
Echo of Moscow radio journalist stabbed in her throat in Moscow office
Russia to introduce capital punishment for propaganda of terrorism
The West fears Russian weapons based on new physical principles
North Korea - As Trump Threatens, the Nation Still Struggles with America's Lethal Legacy
Riots spark in Ukraine again, but people will not die for idiots this time