The Nicaragua Canal:Security And Economic Boom Or Bust
Air Command and Staff College, Air University Maxwell Air Force Base United States
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Since the 1800s nations and entrepreneurs have sought a maritime route across Central America, connecting the Atlantic and Pacific Oceans, for trade purposes. Today, Nicaragua and their Chinese business partner, Hong Kong Nicaragua Canal Investment Company, intend to build a second maritime route across Central America which will be a competitor to the Panama Canal. The canal is estimated to cost US 40 billion and it is unclear who will provide the funding. Lake Nicaragua, an environmental treasure and critical fresh water supply, will become a transit route for very large ships, with all their attendant risks. But the canal will bring desperately needed infrastructure improvements, jobs and income to Nicaragua.
- Economics and Cost Analysis