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Tuesday 30 December 2008, San José, Costa Rica 

Opinions Differ on Nicaragua Canal
Colombia Seizes Illegal DMG Assets
5 Trapped In Colombian Gold Mine Accident, Rescue Underway
Venezuela Invests Millions in Electricity
Brazil To Do Anything Possible To Help Flood Victims
 
Opinions Differ on Nicaragua Canal
Managua - Opinions differ on the construction of the long-planned project for the construction of a Nicaraguan Canal linking the Atlantic and Pacific oceans.

Politicians, environmentalists and economists have been weighing its pros and cons now that the projects has been put again in the limelight after President Daniel Ortega´s recent visit to Russia.

While in Moscow, Ortega signed an agreement with Russia to study the feasibility of building the canal, which is supposed to carry bigger ships than the ones passing through the Panama Canal.

Several possible routes have been proposed for a canal in Nicaragua, all making use of Lake Nicaragua, the second largest lake in Latin America.

According to Ortega, the one that goes along the San Juan river into Lake Nicaragua, and from there, 20 kilometers through the Rivas isthmus, in the south, seems to be the most feasible option.

The Nicaraguan government said bids are open for multi-national participation in the project, to prevent one-bidder management as it happened in Panama, whose canal was owned by the United States for a long time.

China, Japan, South Korea, Brazil, the United States, the United Arab Emirates have so far voiced their interests in building the Nicaragua canal.

Some experts have warned of the danger of polluting the Lake Nicaragua, but other like Adolfo Evertsz, chairman of the Nicaragua Canal Foundation, said there are international regulations to prevent it.

The canal subject that goes back to last century always caused controversies in the country and abroad but, however, many Nicaraguans harbor the idea that one day they will have a waterway linking both oceans.
 
 

 

 

 
 

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