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

  • On-demand is Denver’s command
    March 6, 2017
    While demand responsive transit overcomes many problems, it has been too expensive to provide for the general public but Denver believes it may have found a solution. Cost-efficiently meeting fluctuating passenger levels within available resources can prove a serious challenge for general publicoriented demand responsive transit. There is growing US interest in this mode - as distinct from the already established use of demand responsive transit for specialised needs, such as paratransit for the disabled –
    Read More
  • IBTTA explains INVEST in America Act 2021
    June 23, 2021
    Mark Muriello, IBTTA director of policy & government affairs, outlines some of the key tolling points of the US House Transportation & Infrastructure Committee’s INVEST in America Act 2021
    Read More
  • Priority boosts ridership and cuts congestion
    May 4, 2016
    Transit priority is proving a win-win in Europe and Australia. David Crawford reports. Technology that integrates with the Australian-originated Sydney Coordinated Adaptive Traffic System (SCATS) is driving bus signal priority and performance analysis initiatives on both sides of the world; in its homeland, with a major deployment in 2015, and in the capital of the Republic of Ireland.
    Read More
  • European Bank presents transport funding plan to 2024
    November 4, 2019
    The European Bank for Reconstruction and Development (EBRD) is setting out its new transport development plan for the coming five years.
    Read More

Highlighted Content