Work has already begun on the 278 kilometer Nicaraguan canal, which will be three times the length of the Panama canal. The Nicaraguan government came up with the idea and decided to place construction into the hands of China.
The canal will begin at Punta Gorda along the Caribbean Sea, include the creation of an artificial lake known as Atlanta Lake, cut across Lake Nicaragua and finally open unto the Pacific Ocean.
The Hong Kong Nicaragua Canal Development (HKND) began to break ground back in December without any preliminary reports of how the project might influence the environment. There has been controversy over the way that the canal might adversely affect nature from scientists the world over. The Association for Tropical Biology and Conservation (ATBC) wrote that the canal will affect “some 4,000 square kilometers of forest, coast and wetlands.”
The estimated cost of the project is $50 billion.
Posted by Hunter Carter