The move, rubber stamped by Nicaragua’s National Assembly on Wednesday, revives a scheme that gripped the country in 2013, but never got off the ground.
China has expressed interest in a Nicaraguan canal in the past but, last May, Ortega cancelled a concession granted to a Chinese businessman to carry it out.
The prospect of an American takeover of the Panama Canal might increase Beijing’s interest in the scheme, which could cost around $50bn to build.
In November, Ortega offered the canal to China, and outlined a new route that it could follow.
Rather than passing through Lake Cocibolca, Nicaragua’s largest lake, it would pass through Lake Xolotlán, north of Managua.
The 445km route would start from a port to be built in the city of Bluefields in the South Caribbean Autonomous Region, pass through Lake Xolotlán and join the Pacific at Corinto.
It would have a depth of 27m, enough to accommodate the largest container ships presently in use.
There would also be large locks at either end of the canal, as well as an artificial lake.
Subscribe here to get stories about construction around the world in your inbox three times a weekFurther reading:
US sanctions Nicaraguan president’s son over grand canal scheme Honduras seeks Chinese backing for $20bn transoceanic railway Nicaragua to get an international airport for ManaguaNicaragua revives interoceanic canal as Trump eyes Panama Global Construction Review.
Hence then, the article about nicaragua revives interoceanic canal as trump eyes panama was published today ( ) and is available on GCR ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Nicaragua revives interoceanic canal as Trump eyes Panama )
Also on site :
- Anti-ICE protesters clash with police in ‘national shutdown’ (VIDEOS)
- LIVE: Iran announces live-fire naval drills near US warships amid tensions
- Here's How to Stream 'Schitt's Creek', Catherine O'Hara's Fan-Favorite, Emmy Award-Winning Series