Nicaragua’s alternative Panama canal plans

Plans for an inter-oceanic canal in Nicaragua have been announced by Hong Kong-based HK Nicaragua Canal Development Investment and its local arm HKND. The US$40 billion project involves the construction of an alternative to the Panama Canal. The proposed 280 kilometre, which aims to compete with the Panama canal, would connect Nicaragua's Caribbean and Pacific coasts. It includes the development of a deepwater port at each end of the canal, an oil pipeline running alongside it a dry canal for the transpo
July 24, 2014 Read time: 2 mins

Plans for an inter-oceanic canal in Nicaragua have been announced by Hong Kong-based HK Nicaragua Canal Development Investment and its local arm HKND.

The US$40 billion project involves the construction of an alternative to the Panama Canal. The proposed 280 kilometre, which aims to compete with the Panama canal, would connect Nicaragua's Caribbean and Pacific coasts. It includes the development of a deepwater port at each end of the canal, an oil pipeline running alongside it a dry canal for the transportation of cargo via freight rail lines, a new airport, highways, free trade zones, and a tourist complex.

Once under way, construction would take at least ten years and could generate 40,000 jobs and double the country's GDP per capita.

However, the plans have raised concerns from several environmental organisations. HKND has yet to carry out an environmental impact study and environmental reports say the route calls for the removal of 400,000 hectares of forests and wetlands, encroachment into indigenous communities and the contamination of Nicaragua's largest freshwater source, Lake Nicaragua.

Related Content

  • The bus future is electric, says UITP
    January 11, 2017
    More and more cities in Europe and around the world are turning to electric buses (or e-buses) in an effort to go green according to UITP’s new ZeEUS eBus Report. The report, published as part of the Zero Emission Urban Bus System project, reveals that 19 public transport operators and authorities, covering around 25 European cities, have a published e-bus strategy for 2020. By this date, there should be more than 2,500 electric buses operating in these cities, representing six per cent of their total fl
    Read More
  • Transition to all electronic tolling leads to cost savings
    February 2, 2012
    How a temporary congestion-relief solution resulted in the North Texas Tollway Authority's transition to all-electronic toll collection and potential savings of up to $472 million by 2045. By Carla Kienast, ETC Corporation
    Read More
  • Hong Kong’s rail terminus goes ahead
    October 5, 2012
    With a total area of over 380,000 square meters, the multi-storey West Kowloon rail terminus, the majority of it located underground, will be larger than most airport terminals, and capable of handling around 99,000 passengers per day. The first trains are expected to run from 2015. The Hong Kong section of the express rail link, operating at up to 200 km per hour, will connect Hong Kong with the capital Beijing over 2,000 kilometers away, passing via Shenzhen, Guangzhou and Wuhan.
    Read More
  • ‘Risky tailgating and speeding rife on UK motorways’
    May 22, 2014
    Six in ten UK drivers own up to risky tailgating (57 per cent) and a similar proportion break the limit by 10mph or more (60 per cent) on motorways and 70mph dual carriageways, with men by far the worst offenders, a survey by Brake and insurance company Direct Line reveals. Almost all drivers say they worry about other drivers tailgating on motorways: 95 per cent are at least occasionally concerned about vehicles too close behind them; more than four in ten (44 per cent) are concerned every, or most, tim
    Read More

Highlighted Content