Chinese concessionaires announce Nicaraguan canal route

Posted on July 10, 2014

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Chinese concessionaires announce Nicaraguan canal route
http://nicaraguadispatch.com/author/bajopata/

proposed canal route

(posted July 7, 7:30 pm) — Chinese company HKND today announced the proposed route of it’s 278 kilometer canal across Nicaragua, which will extend from the Río Punta Gorda on the Caribbean Coast to Brito on the Pacific coast.

The proposed $50 billion canal, which would cross a 105 KM swath of Lake Cocibolca, would be between 230-250 meters wide and between 26.7-30 meters deep. The megaproject would also include the flooding of a new artificial lake on the Caribbean side, according to the plans.

The privately owned and operated project, which promises to create 50,000 jobs during construction and 200,000 permanent jobs afterwards, is scheduled to break ground at the end of this year, although nothing is known about the company’s plans to finance the project — nearly four times greater than Nicaragua’s economy.

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