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

  • UTMC ANPR communications protocol aids traffic management
    January 30, 2012
    Telematics Technology's Peter Billington describes the effort to give English local authorities and police forces a UTMC ANPR open communication protocol. The story of the impact of communication protocols on the development and utilisation of intelligent equipment is a familiar one both inside and outside the ITS industry. At the outset, a company pioneering its latest technology invariably develops a proprietary protocol. This enables the company's products to talk to the customer systems which need to a
    Read More
  • China making plans to boost toll roads
    August 7, 2015
    China is considering regulations that would allow road operators to levy a toll on users beyond the current 15 to 30-year limit, according to Bloomberg. The plan would potentially boost an industry that has been plagued by losses as companies struggle to earn enough to cover their debt and operating costs. “The extension of the tolling period can help to woo private investors into highway development,” said Zhu Haibin, chief China economist at JPMorgan Chase in Hong Kong. The plan shows the government’s
    Read More
  • How WiM helps authorities identify repeat offenders
    May 31, 2023
    Company profiling – the process of identifying repeat corporate offenders when it comes to things like truck overloading – is one of many uses of WiM. And it may become more important
    Read More
  • Report highlights ways to make roads safer for pedestrians
    November 23, 2012
    A report released by the International Transport Forum (ITF) at the OECD highlights the role of national governments in improving pedestrian mobility and proposes twelve measures to create safer walking environments. The study, entitled Pedestrian Safety, Urban Space and Health, was prepared by a working group of transport experts and urban planners from nineteen countries and the World Health Organisation under the leadership of the ITF. The report comes to a number of conclusions, including the fact that
    Read More

Highlighted Content