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

  • Octopus to deploy China transit pay card 
    April 26, 2021
    Contactless solution will be available to transport users in 300 cities in mainland China
    Read More
  • Develop transport infrastructure in Central and Eastern Europe, say MEPs
    October 26, 2016
    Maximising the use of EU funding is needed to reduce disparities in infrastructure development between Central and Eastern Europe and the rest of the EU, MEPs say in a resolution voted in the European Parliament on Tuesday. The focus should be on completing the TEN-T corridors, bridging missing links, removing bottlenecks and improve connections between different modes of transport. So far most of the transport infrastructure projects planned to be financed by European Fund for Strategic Investments (EFS
    Read More
  • Washington I-90 tolling could start in 2015
    January 2, 2013
    A planned Washington Department of Transportation (WSDOT) study could make tolling on interstate-90 bridges over Lake Washington and across Mercer Island all but inevitable. Tolling on the state route 520 floating bridge began about a year ago and transportation officials have been closely monitoring two factors: the routes that drivers are now using and the cost to replace the aging 520 bridge. In response, the state legislature last session asked for a new environmental study to review the affects of toll
    Read More
  • Jeddah juggles transport needs of residents, pilgrims and tourists
    December 22, 2015
    Mass pilgrimages, new tourists and a growing population lead Jeddah to seek some smart transport solutions as David Crawford finds out. Rationalising traffic movement and public transport in a major Middle Eastern business and tourist centre that is also a gateway for millions of religious pilgrims every year is the challenge for the 20-year Jeddah Strategic Plan and the Jeddah Public Transport Programme (JPTP) it spawned. The latter is costed at US$8bn.
    Read More

Highlighted Content