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a Chinese company had won a 50-year renewable concession to build a canal, the plan is moving quickly. Scores of Chinese engineers have mapped the topography here, and deal-makers are scouring the globe for investors from an office in faraway Hong Kong.
it might take a decade to build, gobble $60 billion and slice through vast stretches of tropical forest. At 290 kilometres, it would be more than three times the length of the US-built Panama Canal. It also would accommodate supertankers and giant container ships that are far bigger than those the Panama Canal will accept when its expansion is complete next year.
reply to post by haidian
This looks very dubious commercially.
OK, so it will take supertankers, but are there enough supertankers in the world to make it profitable?
On the other hand, pumping investment money into Latin America is a superb way of gaining influence in Latin America.
Watch your back, U.S.A., the Monroe Doctrine is in serious danger.
In June 2013, Nicaragua's National Assembly approved a bill to grant a 50-year concession to the Hong Kong Nicaragua Canal Development Investment Company (HKND) to build the canal. The concession can be extended for another 50 years once the canal is operational.