► As expected, when finished, the canal will directly compete with the Panama Canal, built by the U.S. ...
The path of the proposed Nicaragua Canal
Lawmakers Nicaragua's Central American country on 13/6 was awarded a contract for a period of 50 years from now Hong Kong, China to design, build and manage a massive canal.
The value of the project up to $ 40 billion and is expected, when completed, the canal will directly compete with the Panama Canal, built by the United States.
According to Reuters, the author of the proposed canal above the company HK Nicaragua Canal Development Investment Co Ltd's (HKND Group), a company based in Hong Kong. The company calls the connection between the Caribbean coast of Nicaragua and the Pacific. Besides, the project also includes construction of two planned free trade area, a railway line, a system of pipelines and airfields.
Government of Nicaragua, said canal project has been considered for decades the country's GDP will increase by about 15%.
"Today is a day of hope for the poor people of this country," said Edwin Castro, a lawmaker of the ruling party of President Daniel Ortega, speaking before the ratification vote last for the above project.
HKND Group Company under the leadership of Mr. Wang Jing, a Chinese lawyer. Wang Jing He also led a company based in mainland China are Xinwei Telecom Enterprise Group. Last year, the company received a license to provide cellular services in Nicaragua.
"Central America is the center of global trade flows from North to South and from East to West. We believe that Nicaragua would be the perfect location for a shipping center and a new international logistics, "said Wang Jing, said in a statement after the project was approved. "There's a lot of work ahead, but we want to make clear its intention to bring this project into a world-class projects to create economic opportunities, serves the global trading community, the the protection of the environment, heritage and culture of the native Nicaragua. "
Those who have objection to this project in Nicaragua that is selling assets to the Chinese nation. After the vote took place yesterday, a group of opposition lawmakers left Parliament building sang the national anthem and raised a banner above that says: "Ortega, traitor."
Last week, President Ortega announced, his Government will continue to review the feasibility study to complete by 2015, the expected time can be constructed canals.
The feasibility study will determine the path of the canal through Nicaragua country. Any design of this canal is almost certainly going to split Lake Nicaragua has an area 8,265 km2 and is the largest lake in Central America.
Supporters of the project said that the project to take advantage of the natural strengths of Nicaragua, including wetlands and Lake Nicaragua.
However, long may Nicaragua Canal 3 times the length of 77 km of the US-Panama Canal construction. The Panama Canal is located in the smallest waist of Central America, took one decade to build and was completed in 1914.
The idea of building a canal in Nicaragua was long. The United States also wants to create a trade route in Nicaragua in the 19th century, close to the start time to build the Panama Canal.
The Chinese support for projects that build the Nicaragua canal this time is reasonable. China is now the second largest economy in the world and is one of the largest customer consumption of natural resources of South America.
"We believe that, in 2030, that is only 16 years from now, the total value of goods transported through both Nicaragua and Panama canals could exceed $ 1.4 trillion, making this area become one of the important trade routes in the world. "
Management officials say the Panama Canal, it is too early to determine the feasibility of the Nicaragua Canal, as well as the ability to influence how the canal to commercial activities.
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