The Triton

News

Study: Nicaragua canal risky

ADVERTISEMENT

Nicaragua’s planned $50 billion canal project is “fraught with risks and uncertainties,” according to an environmental study and reported by Reuters news service.

The 172-mile (278 km), Chinese-backed project to rival the Panama Canal has been met with disbelief. The study urged Nicaragua’s government to verify project builder and operator, Hong Kong-based HK Nicaragua Canal Development Investment Co Ltd (HKND Group), complies with international standards before construction begins.

The report by Environmental Resources Management said the canal was likely to have an overall positive impact on Nicaragua, the second-poorest country in Latin America, but only if it follows international standards, such as protecting biological reserves and assessing possible hazards from earthquakes, Reuters reported.

HKND plans to start excavation early next year.

Related Posts...
By Dorie Cox Yachts and their crew spend tens of Read more...
The Marine Industries Association of South Florida has cancelled Marine Read more...
Divers and anglers are invited to sign up for the Read more...
A South Florida judge has denied a yacht owner’s request Read more...
The owner of the iconic Willy T, a floating restaurant Read more...

Share This Post

Leave a comment

Your email address will not be published. Required fields are marked *

Please answer the question below to leave a comment. * Time limit is exhausted. Please reload CAPTCHA.

Editor’s Picks

Working toward smooth sailing with crew visas

Working toward smooth sailing with crew visas

By Dorie Cox Yachts and their crew spend tens of millions of dollars on refits, maintenance and repairs, as well as provisions, …

Stew Cues: Handling costly, fragile crystal can be terrifying

Stew Cues: Handling costly, fragile crystal can be terrifying

Stew Cues: by Alene Keenan I recently helped outfit a yacht with glassware. The owners found a beautiful set of antique cobalt blue …

Mexican marina makes room for larger yachts

Mexican marina makes room for larger yachts

Paradise Village Marina in Puerto Vallarta, Mexico, has recently reconfigured the marina to hold more and larger yachts. The marina now has …

Triton Networking nets $1,500 for injured yachtie

Triton Networking nets $1,500 for injured yachtie

More than 200 captains, crew and industry people challenged the weather to attend Triton Networking last night with global marine travel …