The Panama Canal Authority understands that and beyond feeling prepared for the competition this project would represent, they indicate that the more developed infrastructure the region has, the more it becomes a logistics hub.
The proposed "dry canal" is the subject of discussions between the governments of Colombia and China. The Development Bank of China would finance the project, which would cost $ 7,600 million, and will have as a main element a 220 kilometer railway which will transport 40 million tons of goods, linking the Pacific Ocean with an industrial center built near Cartagena.
The culmination of works to expand the Panama Canal, scheduled for 2014, will allow transit of 600 million tons of cargo a year.
(Various sources on the Internet and the Panama Canal Authority.)
Every now and then they reappear. Today its in Colombia, tomorrow in El Salvador, yesterday Honduras, and the day before yesterday in Guatemala. So far, they have only ever been dreams ...
Whether by rail and inter-oceanic road, every so often the ‘corridor projects’ between the Pacific and Atlantic reoccur, attempting to compete with the Panama Canal. Some speak of complementary services, rather than outright competition.
The countries are negotiating construction of a dry canal in Colombia, an alternative to the Panama Canal.
Colombian president, Juan Manuel Santos, in statements given to the British press, said negotiations are in advanced stages.
"The new 'dry canal', 220 kilometers long, would run from the Pacific to a newly built city near Cartagena, where imported products from China would be assembled for subsequent export to other countries in the Americas," reports Semana.com´s article.
The Government of Nicaragua has announced the constitution of a company in Hong Kong in order to raise the necessary capital to build the wet and dry canals projects it has planned.
From an article in Elpueblopresidente.com:
The President, Daniel Ortega, said the Government had signed a memorandum of understanding with a company incorporated in Hong Kong, China, for the construction of the Grand Interoceanic Canal in Nicaragua.
Building a modern highway from Colombia to Mexico would provide a big boost to the economic integration of the isthmus.
Unlike the hitherto unproven economic viability of various other inter-oceanic canal projects (wet and dry) announced in virtually every country of the region, a "dry canal", which would improve the current transit conditions of goods and people from Mexico to Colombia, does appear to be the best investment in infrastructure for the isthmus.
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