Dutch Firms Look At Feasibility Of Nicaragua Canal

By: Associated Press
By: Associated Press

AMSTERDAM (AP) -- Two Dutch companies say they have been awarded a $720,000 ((euro) 587,000) contract by the Nicaraguan government to study the feasibility of building a rival to the Panama canal that would travel through Nicaragua and Costa Rica.
Since the early 1800s, the so-called "Nicaragua Canal" has been considered a serious possibility as a route that could link the Pacific Ocean and Caribbean Sea, though the Panama Canal ultimately won out. Some experts believe the growth of global shipping means that two canals through Central America would benefit the industry, especially if a Nicaragua Canal could accommodate larger ships.
Infrastructure company Royal HaaskoningDHV and Ecorys said Monday they will complete their study by early 2013. The Nicaraguan government has loosely estimated construction costs at $20 billion and would seek international investors.

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  • by Anonymous on Aug 1, 2012 at 02:30 PM
    Does Matty Moroun know about this?
  • by Roland Location: Oregon on Jul 31, 2012 at 09:52 PM
    The Panama canal expansion was begun because Panama feared a loss of business due to the opening of the Northwest Passage above Canada and the Northern Sea Route above Russia due to loss of sea ice. And with good reason: this summer the first LNG tanker delivery Norway==>Japan occurs via the Northern Sea Route. So these canals may end up with less traffic and revenue than they planned.
  • by David Location: Australia on Jul 31, 2012 at 07:07 PM
    Dear Abu Dhabi, We need some money to build a trench. Dear Nicaragua, Ok., The end.
  • by bob berbowski Location: Panama on Jul 31, 2012 at 02:52 PM
    The Panama canal can not handle the current traffic load. Ship builders are having to limit the width of ships because of the current canal. A new, wider canal in addition to the existing Panama Canal will happen... it may be 10 years it may be 100 years, but it will happen eventually.
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