Nicaragua Grand Canal
TheNicaragua Canal(also referred to as theNicaragua Grand Canal, or theNicaragua Interoceanic Grand Canal) is a proposedshipping routethroughNicaraguato connect theCaribbean Sea(and therefore theAtlantic Ocean) with thePacific Ocean. Such awaterwaywould follow one or more rivers westward fromBluefields, a port on the Caribbean Sea toMorrito, a small town located on the eastern shore ofLake Nicaragua. After crossing Lake Nicaragua, ships would enter a manmadecanaland navigate through theisthmusofRivasto reachBrito, a port on the Pacific Ocean.
The canal project is being condemned from economicand environmental point of view. Any expert opinion on this project?
Some say Ortega's canal would be the largest civil-engineering and construction project in the world.
Wired ran and article,"Whythe Plan to Dig a Canal Across Nicaragua Could Be a Very Bad Idea" .The environmental impacts could be considerable. Environmental Resources Managementhas been contracted to conduct an environmental review, which is ongoing.Jean-Paul Rodrigue, an expert on transportation economics at Hofstra University,says, "At this point in time, from a commercial standpoint, this project does not make sense."(http://www.wired.com/2014/02/nicaragua-canal/)
There are also concerns about the ability of the chosen contractor to complete the project.The 40-year oldChinese tycoonWang Jing has been described as enigmatic and not altogether credible to be able to accomplish the project.(http://news.co.cr/nicaragua-canal-project-moving-away-from-costa-rica-for-now/34406/)