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Posts tagged to suez canal

Nicaraguan Canal project loses momentum: Expansions to Panama and Suez Canal reduce need for a second canal in Central America


The idea behind the Nicaraguan Canal dates back centuries, but has always been beaten back by the Panama Canal, initially by the latter’s construction, and secondly by its expansion, which has made the construction of the Nicaraguan Canal less desirable. Whilst the Nicaraguan government has declared the importance of the construction of the canal for the nation’s economy the Hong Kong Nicaragua Canal Development Group (HKND), which is in charge of the construction of the canal, has yet to initiate this construction five years after the project’s announcement. A number… Read more