Date Set for Nicaragua Canal Construction Start

Nicaragua Canal Construction Start ConfirmedIllustration: Panama Canal

Work on the USD 40 billion Nicaragua canal will start on December 22 and the project will have minimal environmental and social impact, officials confirmed Thursday, November 20th, the Associated Press (AP) reports.

The announcement comes in the wake of conclusion of feasibility studies which are expected to be approved next month.

The construction’s initial stage will take place at a port on the country’s southern Pacific coast, according to Zhu Xiaoya, an official with Hong-Kong-based HKND group, in charge of the project’s construction.

However, small adjustments are being made to the overall project, including dredging stretches of a lake rather than using underwater explosives, writes Reuters.

The very construction is expected to be completed in five years with the canal becoming operational by 2020.

Environmentalists and certain Nicaraguan politicians have expressed their concerns with the project, questioning the Canal’s impact on the environment, as well as the lack of experience of its Chinese developer, with large infrastructure projects.

Major concerns have been voiced regarding the project’s impact on Lake Nicaragua and its communities, since the lake is an important source of fresh water.

Residents along the route have staged numerous protest marches to voice their opposition.

The USD 40 billion project includes two ports, an airport, an artificial lake, two locks, a free trade zone, tourist facilities, roadways and cement factories.

The Nicaragua Grand Canal will be three times longer than the Panama Canal, with the ability to accommodate ships up to 400,000 tonnes.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>

Events>

<< Nov 2017 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 1 2 3

Maritime Information Warfare 2017

Maritime Information Warfare will focus on the growing need for navies to develop their information exploitation capabilities…

read more >

INTERNATIONAL GREEN SHIPPING AND TECHNOLOGY SUMMIT

The Summit will gather key marine experts and companies around the globe which have a big influence in the industry…

read more >

The CWC 18th Annual World LNG Summit & Awards Evening

The CWC World LNG Summit will continue to give you access to premium networking opportunities as it brings together the who’s who…

read more >

Marintec China 2017

The largest maritime event in Asia Pacific, Marintec China connects maritime professionals from the entire shipbuilding supply chain together.

Over the years, Marintec China has grown to reflect the size and importance of the Asian maritime market. 2015 event is another record-breaking edition with the largest exhibition area and the highest number of industry professionals attending ever. The encouraging figures proven that China remains one of the major shipbuilding nations and Marintec China has been the most authoritative platform in Asia.

With the maritime industry facing great opportunities but also many challenges, it is important for the industry to connect and engage more to ultimately win new business in globally-significant markets. A visit to Marintec China is a great way to learn about the latest technology and innovation of the supply industry, a platform for industry professional to meet face to face, make connection and do business.

Marintec China is poised to be the definitive event and is undoubtedly a must-attend for all involved in the maritime industry.

Marintec China will be held from 5 to 8 December 2017 at the Shanghai New International Expo Centre in Shanghai, China and continue its dedication to serve as the “LEADING” platform “CONNECTING” the community and “STRENGTHENING” the maritime industry.

Marintec China offers the perfect opportunity for companies serving the maritime market to showcase their innovations, products and services to a wide audience. A platform for face to face meetings in business, creating new relationships and consolidating existing ones.

More info

read more >