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So I had read that this guy the point person from China had a dubious history of floating giant infrastructure projects that never materialized. The Nicaraguans
by brianbreslin 12y ago
So I had read that this guy the point person from China had a dubious history of floating giant infrastructure projects that never materialized. The Nicaraguans I've spoken too think the project is all BS. However once you pay off enough locals, consider it more likely.
Big issue is that this will take 120 miles to cut, will they be able to recoup their investment if their fees to traverse are lower than panama, because they have to be to compete. Time crossing this canal has to be slower than panama's 48 mile long canal. So assume 2.5x travel time, you have to charge lower fees because of the travel costs associated with the extra distance etc. time = fuel
Edit : See this recent article about wang jing http://www.reuters.com/article/2014/05/04/us-china-canal-insight-idUSBREA4309E20140504 http://www.reuters.com/article/2014/05/04/us-china-canal-ins...
- prawn 12y agoHow is there an increased distance of overall travel time? Does it matter significantly if the ship is travelling across the ocean or through a canal? From China to Europe is likely quicker from a more northerly canal, I'd guess by looking at maps.
- brianbreslin 12y agoNicaragua canal would be 120 miles long vs 48 miles of panama. But canal travel is much much slower than open ocean travel. Panama takes 8 hours to traverse the canal, imagine one 3x as long would take almost 3x as long to cross. So 24 hours.
- mark_l_watson 12y agoI have gone through the Panama Canal twice (I like cruise ships :-) It is slow at each end going through the locks, but not so slow going through the lakes.