Competitor to the Panama Canal Coming soon?

[wyouser]

Anybody run across any info on this? Brief paragraph in my email from Lignet (Langley Intelligence Group Network) today. China to invest 40 billion in a new canal across Nicaragua.  Security for the project is to be provided by Russia.  I've not seen any reference to this in other media sources before today. 

[Wisconsin Beth]

www.slate.com/articles/health_and_science/medical_examiner/2014/07/autism_and_common_genes_environment_and_mutations_are_less_important.html

Nicaragua has announced plans to build a 173-mile-long, $40 billion route between the Pacific Ocean and the Caribbean.* From the Associated Press:

Representatives of HKND, the China-based consortium set to build the canal and owned by the businessman Wang Jing, said on Monday that the canal will be 173 miles long, 65 miles of which are across Lake Nicaragua.

The deal offered to the Chinese company appears quite generous, according to a piece in Nature:

Looks like Nature is the place to read. 

[Wisconsin Beth]

www.nature.com/news/conservation-nicaragua-canal-could-wreak-environmental-ruin-1.14721

[wyouser]

I see they have a 50 year time frame to complete it with construction starting this year. I wonder what feathers will be ruffled if the Russian security thing is for real?

[marvholly]

There has been tak about this for MANY years. I recall some before DD1 was born & she is nearly 40.

That said, w/ financing from China it 'may' happen in my grandchildren's (1 year -9years). However I cannot see China paying and Russia providing security. I honestly believe those 2 will be at each other WAAAY before the 50 year target date (and they 'deserve' each other).

[jkapp]

Is there a need for another one? 

[resolution]

Well the newer cruise ships are now as overweight as the passengers, and can't fit through the canal anymore.

[Deleted]

Jul 25, 2014 11:07:34 GMT -5 resolution said:

Well the newer cruise ships are now as overweight as the passengers, and can't fit through the canal anymore.

The ships aren't overweight, just big boned.