Date Set for Nicaragua Canal Construction Start

Nicaragua Canal Construction Start Confirmed

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 2018 >>
MTWTFSS
29 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

Offshore Wind Europe 2018

The Offshore Wind Europe speaker line-up is supported by executives who are leading the charge…

read more >

Europort 2018

From 15-17 May 2018, the 12th edition of Europort Romania willl take place in the IDU Hall in Constanta…

read more >

Petrochemical Supply Chain & Logistics Conference & Exhibition

The Petrochemical Supply Chain & Logistics Conference & Exhibition (15 – 16th November, Houston) is positioned at the forefront of the booming Petrochemical industry in North America.

This industry leading event is regarded as the most significant meeting place for supply chain & logistics professionals, where they meet to do business.

More Info

read more >

DREDGING FOR SUSTAINABLE INFRASTRUCTURE

The two-day-long programme offers six highly interactive sessions with contributions from…

read more >