Nicaragua just approved a proposed route for a $40 billion shipping channel across the Central American country that would compete with the Panama Canal. The proposed canal would pass through Lake Nicaragua, Central America’s largest lake, and will be between 230 meters and 520 meters (755 feet to 1,706 feet) wide and 27.6 meters (90 feet) deep. The proposed route still faces environmental and social impact studies that could recommend some changes to the plan, but those studies should be finished later this year to allow work to begin by December.
The plan is to finish the canal in 2019 and begin operations in 2020.
The proposed channel would be more than three times longer than the 48-mile (77-km) Panama Canal.
What are your thoughts?