Move over Panama, There’s a MUCH BIGGER fish in the Canal
For about 100 years, the Panama Canal has been a staple for transporting goods around the world, through the Caribbean and Central America. It has gone through minor expansions during the century, but overall has remained an adequate mode of transportation for cargo, freight, etc.
However, times are a-changing… We’d like to introduce the Nicaragua Canal, a $50 BILLION project initiated by the Chinese, which will not only rival the Panama Canal, but will swallow it many times over. Can you say, hello employment? It is estimated that 50,000 people will be employed to build the canal, which will expand a MASSIVE 280-Kilometers, connecting the Pacific Ocean and the Caribbean Sea. The project is expected to take 5 years, half the time it took to construct the Panama Canal.
The canal route crosses Lake Nicaragua, the largest freshwater reserve in Central America, and runs through rainforest and at least 40 villages before ending at the Punta Gorda River, in the southern Caribbean, where another port will be built.
The project also includes an international airport and free-trade zone. The route will be able to handle mega ships, vessels carrying upwards of 25,000 containers. The current capacity of the Panama Canal is a meager 80-Kilometers, allowing ships to carry only 5,000 containers. The project is expected to bring an enormous amount of tourism and agriculture to Central American and the Caribbean and is expected to be completed by 2020.