Panama Canal vs Colombia Dry Canal

There is never too much facilitation for commerce: we welcome the Chinese-Colombian project to unite by ground the Pacific with the Atlantic.

Tuesday, February 15, 2011

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.)

More on this topic

Too Many Inter Oceanic Canals

August 2013

If it is not even clear whether there is a need for another canal in Central America, then obviously some or all of the routes currently being planned are not going to work.

Andres Oppenheimer, in his article in Elnuevoherald.com, notes the incongruity of having so many projects, making so much effort and so much investment in order to transversely divide up Central America, rather than applying those resources to uniting their countries throughout the isthmus.

Presidential Support for Inter-Oceanic Corridor in Guatemala

July 2013

Otto Pérez Molina said it is a private project, "in which the State of Guatemala will not invest resources, but will act as supervisor of the processes and of the use of any financial contributions as well as of environmental protection measures ."

The Guatemalan president's remarks could jeopardize the state's responsibility to potential investors in the project, which, so far, has not had its economic and financial viability demonstrated.

Financing of Oceanic Canals

September 2012

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.

Dreams of Dry Canals

July 2011

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.

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