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Nicaragua Canal update

New waterway still at preliminary stage

By John Tavner

nicaragua

The project which the Chinese concessionaires have dubbed the Nicaragua Interoceanic Grand Canal is still very much in the preliminary stages, with no definite word of a start date for construction.

The plan is to build a 278 km canal – three and a half times as long as the Panama Canal – from Punta Gorda on the Caribbean coast to the mouth of the River Brito on the Pacific. Cost of construction has been put at US$ 40 to 50 billion and it will take six to 10 years to complete.

Read more: Nicaragua Canal update