Ready roadmap of inter-oceanic Nicaragua Canal

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The Panama Canal will be built in cooperation with the company China HKND (foto:archivo)

The Government of Nicaragua reported Tuesday that next week will unveil the route which will take its Panama Canal, and was announced by the Secretary of public policies of the Government, Paul Oquist, in a meeting with the heads of missions of Nicaragua before the European Union (EU).
Oquist offered details about the construction of canal to the heads of Mission of the Nicaraguan embassies in the EU and highlighted the challenges that represents the work for foreign investment, “infrastructure, education, technical assistance and agro-industry”, it said.
The initiative to build an interoceanic Canal in the country came in 2004 when the Government hoped to vessels greater than passing through the Panama Canal, so the past June 14 is closed an agreement with China HKND company for its construction, which includes granting and exploitation by 50 years, extendable for 50 more.
The channel will begin to build in December this year and would be ready to 2019 with ability to capture 416 million tons of freight (3.9 per cent of the global burden) that will allow the passage of larger vessels between the Caribbean and the Pacific. It will include pipelines, two ports of deepwater, export processing zones and two airports.
The construction area is “public utility” and the State agreed with the owners of affected land fair compensation in one period not longer than 10 years, by mutual agreement between the parties.