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$40B Nicaragua Canal would be 3X bigger than Panama Canal

$40B Nicaragua Canal Would Be 3X Bigger Than Panama Canal

Looks like the Panama Canal, long the only shipping canal connecting the Pacific and the Atlantic Oceans, might be losing that distinction in the near future.

Meet the proposed Nicaragua Canal. RT reports, "Its potential final route was announced Tuesday by Hong Kong-based developer HKND Group."

​The canal, which HKND CEO Wang Jing calls, "the biggest project built in the history of humanity," would stretch some 173 miles across the Central American country, connecting Punta Gorda on the Caribbean to the mouth of the river Brito on the Pacific.

If you want to understand just how massive this is, people consider the Panama Canal one of the engineering wonders of world. This thing would be three times as big.

The new canal, which would cost an estimated $40 billion, could accommodate Maersk Triple E class ships, which can carry 18,000 containers: more than triple the current capacity of the Panama Canal.

The Panama Canal Authority is currently working to expand the current canal, but even after construction is finished it will still fall short of the Nicaragua Canal by about 6,000 containers.

According to Nicaraguan officials, the Nicaragua Canal isn't looking to compete with its Panamanian neighbor.

Instead, as the BBC reports, officials hope to compliment the existing canal.

In fact, according to La Prensa, the University of Nicaragua is collaborating with its counterpart in Panama to prepare students for work on the project.

And they're not the only ones collaborating. Russia Beyond the Headlines reports "the Russian government will also be joining in, providing security for the project."

So Russia and China are working together some 2,000 miles south of the American border. Where does that leave the U.S.?

Well, while there still hasn't been any word from The White House on the issue, some pundits argue the U.S.'s biggest problem lies in its own ports.

CNN says that "​only 10 of America's approximately 55 major ports will be ready for the bigger ships [by 2015]"

The entire project is still pending environmental impact studies, as the canal passes through Lake Nicaragua, and critics are concerned it could have disastrous effects on the lake.

Officials say they plan on starting work on the canal by the end of this year.

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jyatt7 July 08 2014 at 1:36 PM

Typical, Obama is shut out !! Amazing incompetent.

Flag Reply +32 rate up
18 replies
vocalist July 08 2014 at 2:09 PM

Do you remember the fable of the Grasshopper and the Ant? Well, it seem that we are now that grasshopper....all the while, as we sat complacent, falling for the self imposed "needs" of any lethargic country and our own self obsessions, the "Ants" of the world have been plugging right along and actually moving forward with their agenda of becoming stronger as time goes on. The 60s was the beginning of the tipping point, and the turn of the century the actual beginning of our downward spiral. Clinton's NAFTA was a big part of the final turn, which mostly served to dilute our financial independence, and Bush, took the helm and basically handed our future over to corporations. Today, Obama has stepped in for the final blow. Sucks, huh? Oh, and liberals, don't waste my time or yours refuting what I just said....if you're a liberal, you are the greates percentage of what's wrong with America today....your votes not only pounded the nailhead flush, counter sunk it and sealed it.

Flag Reply +26 rate up
13 replies
tmlbtb July 08 2014 at 1:59 PM

10 of 55 American ports....we just spent 3 trillion on two wars, but our infrastructure is behind Russia and China? Somebody want to wake up Congress and let them know.

Flag Reply +25 rate up
11 replies
calarican July 08 2014 at 1:58 PM

Where Does That Leave The US? Why Care When You Gots You A Free 0'Bama Phone!

Flag Reply +24 rate up
5 replies
Rick West July 08 2014 at 2:16 PM

Nope. The California bullet train from Los Angeles to San Francisco is at $67 billion. We can be WAY more inefficient here in California.

Flag Reply +24 rate up
David Lawrence July 08 2014 at 1:52 PM

The Biggest Project in the ' history of Humanity ' is to solve Poverty and maybe, won't cost as much.

Flag Reply +20 rate up
11 replies
spdy65 July 08 2014 at 1:58 PM

This thing would eventually mothball the Panama canal. Makes good sense, but Russia and China's interest in South America should be concerning.

Flag Reply +14 rate up
6 replies
grizzelbuck July 08 2014 at 1:44 PM

By the time they finish it they shouldn't have to worry about filling it with water. Glacial melt and sea level rise will take care of that.

Flag Reply +12 rate up
4 replies
buddwhyzr July 08 2014 at 3:08 PM

That's awesome. Now even more Chinese crap coming over on bigger ships to end up in our landfills.

Flag Reply +11 rate up
4 replies
keithj77441 July 08 2014 at 1:41 PM

Nicaragua is not as stable a government as Panama. Careful!

Flag Reply +5 rate up
4 replies
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