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A Chinese company has launched work on a $50bn canal across Nicaragua, an ambitious rival to the Panama canal that sceptics dismiss as a pipe dream and environmentalists say will wreck the countrys ecosystem.
The Chinese telecoms magnate behind the canal, Wang Jing, inaugurated the project at a ceremony in the southern town of Rivas that was moved forward by several hours after anti-canal activists called protests.
Today we are going to begin initial work on the Nicaragua canal with the support of the government, the understanding and strong support of the Nicaraguan people, Wang said in Rivas, the epicentre of three months of demonstrations against the canal.
Wangs Hong Kong Nicaragua Development Investment (HKND) company says 300 workers will build the roads and a port, the first of 50,000 people who will be hired to construct the huge 280km (174-mile) waterway connecting the Pacific Ocean and the Caribbean Sea.
Read more:
http://www.theguardian.com/world/2014/dec/22/protests-nicaragua-starts-work-50bn-interoceanic-canal
http://en.wikipedia.org/wiki/Nicaragua_Canal
This seems to me a replay of the Cuban Missiles situation of the the 1960's.
MADem
(135,425 posts)It will really suck for them if a low cost fueling method makes air travel more affordable in the next hundred years....why sail when you can fly? And with drone technology what it is, we just might see pilotless cargo planes on a "truck lane" in the sky, lessening the need for port to port transport. It could turn that thing into a bit of a white elephant.
Imagine the efficiencies if goods and raw materials can be transferred from heartland to heartland instead of port to port!
itsrobert
(14,157 posts)n/t
MADem
(135,425 posts)CK_John
(10,005 posts)MADem
(135,425 posts)Warpy
(111,305 posts)The Panama Canal is too narrow and shallow and the locks too short for supertankers. It's steadily busy with smaller craft loaded with consumer goods, so there is no way to shut it down to enlarge it.
The only energy China produces itself is coal energy, and it's killing them. They desperately need a way to cut down the cost of oil and LNG transport while they wait for other energy technologies to mature.
MADem
(135,425 posts)VZ oil--actually, they are loans to be paid back in Black Gold. And they are big, big loans. A lot of VZ capacity will be heading off to China to make good on that debt.
Major Hogwash
(17,656 posts)Some people looking for jobs out of the country had talked to me about it.
CK_John
(10,005 posts)federal office and you might get a second side job.