Re:The Rival to the Panama Canal That Was Never Built
by Simulacra on Saturday August 26, 2023 @05:40PM
(#37277162)
In the early 1900s, the United States had two options: build a canal across Nicaragua, or, through Panama. The US Senate voted for the Panama option.
Estimates of how much it would cost to build a Nicaraguan Canal ...upwards of $40bn
I looked it up, the Nicaraguan Canal would have been about 170 miles, so $40bn for 170 miles. From a modern day engineering standpoint, putting aside lawyers, environmentalists, government, etc. how hard is it to build 170 miles of canal?
Re:The Rival to the Panama Canal That Was Never Built
by rmason on Saturday August 26, 2023 @05:46PM
(#37277210)
Mexico's plan to offload containers onto rail cars and then reload them back into ships waiting on the Atlantic side might make more sense financially. Anything heading to US East coast ports could be railed directly saving reloading.
Re:The Rival to the Panama Canal That Was Never Built
by 4rt on Saturday August 26, 2023 @06:46PM
(#37277592)
The last time this idea was re-floated in the 2010s was in reponse to Panama increasing their transit fees. The fees decreased, making the project financially infeasible again.
It's interesting that its an unnamed Chinese company who seem so keen to keep this concept alive and possibly influence the transit fees still.
Estimates of how much it would cost to build a Nicaraguan Canal ...upwards of $40bn
I looked it up, the Nicaraguan Canal would have been about 170 miles, so $40bn for 170 miles. From a modern day engineering standpoint, putting aside lawyers, environmentalists, government, etc. how hard is it to build 170 miles of canal?
Turkey is also building a canal from the black sea.
you can look up the costs. both of these countries are very regulation-light...
It's interesting that its an unnamed Chinese company who seem so keen to keep this concept alive and possibly influence the transit fees still.