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

  • ARTBA highlights transport's importance to US
    May 16, 2012
    New data available from the American Road & Transportation Builders Association (ARTBA) highlights the importance of transportation spending to US economic growth. This information can be sourced through a new Internet resource set up by ARTBA. The data has been revealed at a time when the multi-year highway/transit authorisation bill is still being discussed in the US Congress. The US secretary of Transportation, Ray LaHood, said at the CONEXPO-CON/AGG 2011 that he hopes a six year authorisation bill will
    Read More
  • Keys to the Kingdom
    May 1, 2025
    Saudi Arabia is investing heavily in smart infrastructure projects. Zeina Nazer takes a look at them – from Riyadh Metro to the controversial ‘vertical urbanism’ of The Line
    Read More
  • We need to talk about AVs
    October 15, 2021
    Will driverless vehicles lead to more deaths and destroy more lives than their manual counterparts? Transport writer Colin Sowman argues that they will
    Read More
  • Insight into China's smart cities initiatives
    April 25, 2013
    Schneider Electric, which has been playing an active role in smart transportation systems in China since 1990, provides an insight into smart city initiatives in the country. Today, most cities across the world are facing unprecedented growth, which questions the viability of the current development model. They are immersed in a competition with each other, both domestically and internationally, in terms of investments, jobs and talents. Cities need to become more attractive and intelligent by becoming more
    Read More

Highlighted Content