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

  • Bringing V2I and V2V communications to workzone safety
    January 26, 2012
    Imran Hayee of the University of Minnesota Duluth's Department of Electrical and Computer Engineering talks about efforts to bring V2I and V2V communications into work zones. With USDOT backing and under the auspices of the ITS Joint Program Office Connected Vehicle Research (formerly IntelliDrive) research programme, M. Imran Hayee of the University of Minnesota Duluth's Department of Electrical and Computer Engineering along with team of his students, have been conducting research into the application of
    Read More
  • Volvo and KPMG find buses are key to urban air quality
    September 13, 2016
    Buses can play a key role in the battle to improve air quality in towns and cities as David Crawford discovers. A city with a population of half a million would gain about US$12.3 million in annualised societal savings if all its buses ran on electricity instead of diesel. This is the conclusion of a wide-ranging analysis carried out by Swedish bus manufacturer Volvo Group and global business consultants KPMG.
    Read More
  • FHWA proposes new performance measures to reduce highway congestion
    April 19, 2016
    The US Department of Transportation’s Federal Highway Administration (FHWA) today released a proposed regulation outlining new performance measures to assess travel reliability, congestion, and emissions at a national level. It calls for an increased level of transparency and accountability in establishing and achieving targets for performance impacting commuters and truck drivers. The measures address the concerns outlined in the USDOT report Beyond Traffic, which examines the trends and choices facing
    Read More
  • Continental: US road deaths are ‘public health crisis’
    June 6, 2019
    The 40,000 deaths on US roads last year amount to a ‘public health crisis’, according to Continental North America’s president Jeff Klei. Giving the opening keynote address at ITS America’s 28th Annual Meeting & Expo, Klei said: “If you could save 40,000 lives a year, would you? We believe this situation needs to be treated with the same priority as other health crises in this country.” But help is at hand, he said. The concept of ‘Vision Zero’, where there are no fatalities from crashes, “seems a lon
    Read More

Highlighted Content