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To: dvdw© who wrote (100679)6/7/2013 7:12:08 PM
From: Snowshoe  Read Replies (3) of 219166
 

Nicaragua gives Chinese firm contract to build alternative to Panama Canal

Project will reinforce China's growing influence on global trade and weaken US dominance over a key shipping route
guardian.co.uk

The new route will be a higher-capacity alternative to the 99-year-old Panama Canal, which is currently being widened at the cost of $5.2bn.

Last year, the Nicaraguan government noted that the new canal should be able to allow passage for mega-container ships with a dead weight of up to 250,000 tonnes. This is more than double the size of the vessels that will be able to pass through the Panama Canal after its expansion, it said.
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