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Chinese Making A Power Play In Nicaragua With New Canal?

china nicaragua canal chinese canal nicaragua chinese power play global water ways

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#1 chickensomething

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Posted 13 September 2015 - 11:01 AM

I was speaking with a friend of mine who is an aircraft engineer for a large Chinese company out of Hong Kong and he told me about a huge canal project set to get underway in Nicaragua that will make the Panama canal looks like child's play. This canal shall be wider and deeper than it's predecessor cutting through the Nicaragua Lake with a reported budget of between $40 to $50 billion USD. (See photo below)

 

 nicaragua-canal.jpg

 

I recall reading about this at the beginning of 2015 but really didn't think about it until now. One should find it amazing that this ambitious and mammoth project hardly gets any mainstream media coverage. This is a clear indication of what the Chinese are thinking for the future in global water ways. Not to mention, it's implications from a military and strategic perspective. 

 

If built, this new waterway is expected to rival the Panama Canal in many ways and is reportedly set to have a deadline date of 2020 for completion.

 

Here's an interesting article on Bloomberg regarding other Chinese projects in Central and South America that might shed more light on this subject:

 

http://www.bloomberg...-we-couldn-t-it

 

 

 

 


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#2 Ludikrus

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Posted 13 September 2015 - 11:30 AM

Massive building projects are always interesting.  Throughout history they drive nations forward in big ways.  That's a good story to know about.

 

Wang Jing: The man behind the Nicaragua canal project

The Chinese billionaire who intends to build a shipping canal through Nicaragua connecting the Atlantic and the Pacific has dismissed the project's critics.

Speaking to the BBC in a rare broadcast interview, Wang Jing said that having Chinese companies leading the project will help ensure its success.

Mr Wang's company HKND began initial site work in Nicaragua last December but the canal project is scheduled to begin in earnest after publication of the environmental assessment next month.


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#3 status - Guest

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Posted 13 September 2015 - 11:32 AM

It's going to make the Panama Canal minimal. Talk about a huge strategic move. Gonna cost around 50 billion dollars


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#4 status - Guest

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Posted 13 September 2015 - 11:32 AM

Doesn't a Chinese company run the Panama Canal?


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#5 Ludikrus

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Posted 13 September 2015 - 11:32 AM

A Chinese-managed canal would give the country a foothold in a region that has traditionally been within the United States’ sphere of influence. The projected depth of the canal, 28 meters, is more than twice the Panama Canal, and deep enough to allow Chinese submarines to secretly cross over to the Atlantic Ocean from the Pacific, as Foreign Policy observed last month.

http://qz.com/430090...t-no-one-wants/


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#6 status - Guest

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Posted 13 September 2015 - 11:34 AM

Doesn't a Chinese company run the Panama Canal?

 

Panama Canal Authority runs it
https://en.wikipedia...ki/Panama_Canal


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#7 Ludikrus

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Posted 13 September 2015 - 11:35 AM

Panama Canal Authority runs it
https://en.wikipedia...ki/Panama_Canal

http://transmissions...e-panama-canal/

A Chinese company with close ties to the Beijing Communist government was planning to take over the operation of the Panama Canal, a secret government report revealed.

And according to Adm. Thomas Moorer, with facilities at both ends of the canal and an agreement with the Panamanian government, Hong Kong-based Hutchison Whampoa Ltd. has the ability to all but control the strategic waterway.

The company has long-term 25-year leases on the ports at each end of the Canal. They are run by the Panama Ports Co., a Hutchison Whampoa subsidiary.


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#8 status - Guest

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Posted 13 September 2015 - 11:36 AM

i wonder what Trump would say about this?


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#9 status - Guest

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Posted 13 September 2015 - 11:36 AM

:Laughing-rolf:

 

The same guy, same company!


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#10 status - Guest

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Posted 13 September 2015 - 11:37 AM

i wonder what Trump would say about this?

 

I'm sure he's aware of it as it's big money at work. Even he couldn't afford it!


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