SlideShare a Scribd company logo
1 of 19
NICARAGUAN CANAL AND
DEVELOPMENT PROJECT
WHAT IS CANAL??
 An artificial waterway constructed to allow the
passage of boats or ships inland or to convey water
for irrigation.
 IMPORTANCE-
1. Importance to commerce and the development
2. Growth and vitality of a civilization
3. Irrigation
4. Power generation
5. Tourism
6. Transportation
INTRODUCTION
 The major infrastructure development project in Nicaragua,
the largest country in the Central American isthmus,
bordering Honduras to the north and Costa Rica to the
south
 Connects the Atlantic Ocean with the Pacific Ocean
through the lake Nicaragua thus dividing the country in 2
parts.
 Work started officially on December 22, 2014 and is
scheduled to be completed by 2020
 One of the largest civil engg. works projects ever
undertaken
 Undertaken by the Hong Kong Nicaragua Canal
Development Investment Company (HKND Group)
INTRODUCTION
LETS TALK NUMBERS NOW
 520 meters wide
 173 miles long (275.5 km)
 Cost- US$40bn ( =4X GDP)
 Target of doubling the
no of jobs in the country
 Economic growth expected
to rise from 4.5% to 14.6%
 US$2bn revenue to the govt
DIMENSIONS
CANAL SEGMENTATION
LANDSCAPE
Canal is divided into 5 sections as shown
in the figure below
PROPOSED CANAL ROUTE
TIMELINE
 The pre-construction phase - getting permits,
acquiring land and machinery and finalizing designs
and plans.
 The early construction phase (Dec 2014 to Sep
2015) - it secures access to construction sites,
provides the critical infrastructure and mobilizes the
workforce.
 The construction phase (Sep 2015 to March
2020)- time to dig the canal and build the locks plus
their infrastructure.
 The commissioning phase (April 2020 to June
2020)-` testing of the lock operations and training of
lock and tug boat operators.
PROJECT FACILITIES
 The canal;
 Two locks and associated impoundments
upstream;
 Dredge disposal areas and excavated
material placement areas;
 A dike;
 A stand-alone dam
 Ports at the canal’s Pacific and Caribbean
entrances;
PROJECT FACILITIES
 Associated Project Facilities, including
transport improvements,
 Power generating and transmission facilities
to deliver the power required to operate the
canal;
 Two cement plants and associated
aggregate quarries;
 A free trade zone including tourist HOTELS,
 An international airport at Rivas is also
planned to be built.
WORKFORCE
 50,000 people will be
employed during the 5-year
construction,
 1,400 - administrative
positions and the others
are in the field.
 The estimate for the
workforce in 2020 when the
project is completed is
3,700 people, and 12,700
in 2050 when traffic has
increased.
50%
25%
25%
workers
nicaragua
china
others
FINANCING
 The estimated costs are US$40bn.
 Private money provided by Wang Jing at the start-
up,
 Financial support is expected from INVESTORS
 XCMG, a state-owned Chinese construction
company will provide machinery and take 1.5-3% of
HKND shares in return.
 As of the end of 2014 no major INVESTORS have
been named.
 There has been speculation that the Chinese
government provides financial backing for the
project, but China as well as Wang Jing have
PROJECTIONS
 Transit time is about 30 hours.
3576 4138 5097
12855
0
2000
4000
6000
8000
10000
12000
14000
2020 2030 2050 panama
no of transits projected
no of transits…
RISKS AND OPPOSITION
 The project has financial, political and engineering
risks,
 Stratfor , an analyst agency, believes the target to
be an “unrealistic goal”.
 A coast-to-coast railway line may be built by China
in Honduras and could affect utilization of the canal.
 Impact of the project on Lake Nicaragua, the
largest source of freshwater in Nicaragua.
 An oil spill would have serious and lasting
consequences,
 The impact of dredging bringing up toxic sediments,
RISKS AND OPPOSITION
 The disruption of migration patterns of
animal species,
 The potential to introduce invasive species
to the Lake,
 The estimates of the number of people who
will be displaced range from 29,000 to more
than 100,000,
 The apparent lack of experience of Wang
Jing and his HKND Group in large-scale
engineering has been cited as a risk.
RISKS AND OPPOSITION
Nicaragua has witnessed protests against the
construction which had even led to the
casualties.
SOURCES AND BIBLIOGRAPHY
 http://en.wikipedia.org/
 https://www.youtube.com/watch?v=K1yJzBvc
Aoo
 http://www.cnbc.com/id/102451065
 http://hknd-
group.com/upload/pdf/20150105/Nicaragua_
Canal_Project_Description_EN.pdf
THANK YOU
DHRUV KUMAR
A3CA-10
12CEB170
GG9461

More Related Content

Similar to Lake nicaragua

Terra et Aqua 143 (journal - dredging related articles)
Terra et Aqua 143 (journal - dredging related articles)Terra et Aqua 143 (journal - dredging related articles)
Terra et Aqua 143 (journal - dredging related articles)Renato Rauwerda
 
Pak china economic corridor
Pak china economic corridorPak china economic corridor
Pak china economic corridorshamroz kakar
 
TIJUANA capital projects and infraestructure
TIJUANA capital projects and infraestructureTIJUANA capital projects and infraestructure
TIJUANA capital projects and infraestructureRuben E. Carrillo Ruiz
 
Prospect of deep sea port fostering national development of bangladesh
Prospect of deep sea port fostering national development of bangladeshProspect of deep sea port fostering national development of bangladesh
Prospect of deep sea port fostering national development of bangladeshmd. tanvir hossain
 
Ministry of transport 2nd transport and economic corridor-lapsset by p.s dr c...
Ministry of transport 2nd transport and economic corridor-lapsset by p.s dr c...Ministry of transport 2nd transport and economic corridor-lapsset by p.s dr c...
Ministry of transport 2nd transport and economic corridor-lapsset by p.s dr c...MILLA MENGA
 
Cpec prestation by happy kumar
Cpec prestation by happy kumarCpec prestation by happy kumar
Cpec prestation by happy kumarHappy Ladher
 
June 2022_Tanzania Country Benefits from Nile Basin Cooperation.pdf
June 2022_Tanzania Country Benefits from Nile Basin Cooperation.pdfJune 2022_Tanzania Country Benefits from Nile Basin Cooperation.pdf
June 2022_Tanzania Country Benefits from Nile Basin Cooperation.pdfPolycarp Otieno Onyango
 
Role of Infrastructure in Development 2
Role of Infrastructure in Development 2Role of Infrastructure in Development 2
Role of Infrastructure in Development 2Krushna Chandra Kar
 
Economic outcomes through cpec
Economic outcomes through cpecEconomic outcomes through cpec
Economic outcomes through cpecIqbal Naqvi
 
Development projects of neepal
Development projects of neepalDevelopment projects of neepal
Development projects of neepaljivanadhikari
 
The KwaZulu-Natal Provincial Department has embarked on a multi-millio (1).pdf
The KwaZulu-Natal Provincial Department has embarked on a multi-millio (1).pdfThe KwaZulu-Natal Provincial Department has embarked on a multi-millio (1).pdf
The KwaZulu-Natal Provincial Department has embarked on a multi-millio (1).pdfRyanGMMDickenss
 
2023 CLIA State of the Cruise Industry Report_low res.pdf
2023 CLIA State of the Cruise Industry Report_low res.pdf2023 CLIA State of the Cruise Industry Report_low res.pdf
2023 CLIA State of the Cruise Industry Report_low res.pdfRamonJrTiongco
 
IHS Markit - Maritime Trade - Making headway
IHS Markit - Maritime Trade - Making headwayIHS Markit - Maritime Trade - Making headway
IHS Markit - Maritime Trade - Making headwayradhikaburman
 
Methodology for Identifying Regional Poles under Territorial Engeneering Appr...
Methodology for Identifying Regional Poles under Territorial Engeneering Appr...Methodology for Identifying Regional Poles under Territorial Engeneering Appr...
Methodology for Identifying Regional Poles under Territorial Engeneering Appr...inventionjournals
 

Similar to Lake nicaragua (20)

Terra et Aqua 143 (journal - dredging related articles)
Terra et Aqua 143 (journal - dredging related articles)Terra et Aqua 143 (journal - dredging related articles)
Terra et Aqua 143 (journal - dredging related articles)
 
Pak china economic corridor
Pak china economic corridorPak china economic corridor
Pak china economic corridor
 
TIJUANA capital projects and infraestructure
TIJUANA capital projects and infraestructureTIJUANA capital projects and infraestructure
TIJUANA capital projects and infraestructure
 
Prospect of deep sea port fostering national development of bangladesh
Prospect of deep sea port fostering national development of bangladeshProspect of deep sea port fostering national development of bangladesh
Prospect of deep sea port fostering national development of bangladesh
 
Future of Guayaquil Port
Future of Guayaquil PortFuture of Guayaquil Port
Future of Guayaquil Port
 
Ministry of transport 2nd transport and economic corridor-lapsset by p.s dr c...
Ministry of transport 2nd transport and economic corridor-lapsset by p.s dr c...Ministry of transport 2nd transport and economic corridor-lapsset by p.s dr c...
Ministry of transport 2nd transport and economic corridor-lapsset by p.s dr c...
 
RINA SEA VIEW
RINA SEA VIEWRINA SEA VIEW
RINA SEA VIEW
 
Cpec prestation by happy kumar
Cpec prestation by happy kumarCpec prestation by happy kumar
Cpec prestation by happy kumar
 
SNCL brochure 2015
SNCL brochure 2015SNCL brochure 2015
SNCL brochure 2015
 
June 2022_Tanzania Country Benefits from Nile Basin Cooperation.pdf
June 2022_Tanzania Country Benefits from Nile Basin Cooperation.pdfJune 2022_Tanzania Country Benefits from Nile Basin Cooperation.pdf
June 2022_Tanzania Country Benefits from Nile Basin Cooperation.pdf
 
Role of Infrastructure in Development 2
Role of Infrastructure in Development 2Role of Infrastructure in Development 2
Role of Infrastructure in Development 2
 
Economic outcomes through cpec
Economic outcomes through cpecEconomic outcomes through cpec
Economic outcomes through cpec
 
Business opportunity in gwadar
Business opportunity in gwadarBusiness opportunity in gwadar
Business opportunity in gwadar
 
Development projects of neepal
Development projects of neepalDevelopment projects of neepal
Development projects of neepal
 
Cpec
CpecCpec
Cpec
 
The KwaZulu-Natal Provincial Department has embarked on a multi-millio (1).pdf
The KwaZulu-Natal Provincial Department has embarked on a multi-millio (1).pdfThe KwaZulu-Natal Provincial Department has embarked on a multi-millio (1).pdf
The KwaZulu-Natal Provincial Department has embarked on a multi-millio (1).pdf
 
2023 CLIA State of the Cruise Industry Report_low res.pdf
2023 CLIA State of the Cruise Industry Report_low res.pdf2023 CLIA State of the Cruise Industry Report_low res.pdf
2023 CLIA State of the Cruise Industry Report_low res.pdf
 
IHS Markit - Maritime Trade - Making headway
IHS Markit - Maritime Trade - Making headwayIHS Markit - Maritime Trade - Making headway
IHS Markit - Maritime Trade - Making headway
 
Methodology for Identifying Regional Poles under Territorial Engeneering Appr...
Methodology for Identifying Regional Poles under Territorial Engeneering Appr...Methodology for Identifying Regional Poles under Territorial Engeneering Appr...
Methodology for Identifying Regional Poles under Territorial Engeneering Appr...
 
201507 caisson repair project final
201507 caisson repair project final201507 caisson repair project final
201507 caisson repair project final
 

Recently uploaded

Vivazz, Mieres Social Housing Design Spain
Vivazz, Mieres Social Housing Design SpainVivazz, Mieres Social Housing Design Spain
Vivazz, Mieres Social Housing Design Spaintimesproduction05
 
Online banking management system project.pdf
Online banking management system project.pdfOnline banking management system project.pdf
Online banking management system project.pdfKamal Acharya
 
UNIT-V FMM.HYDRAULIC TURBINE - Construction and working
UNIT-V FMM.HYDRAULIC TURBINE - Construction and workingUNIT-V FMM.HYDRAULIC TURBINE - Construction and working
UNIT-V FMM.HYDRAULIC TURBINE - Construction and workingrknatarajan
 
BSides Seattle 2024 - Stopping Ethan Hunt From Taking Your Data.pptx
BSides Seattle 2024 - Stopping Ethan Hunt From Taking Your Data.pptxBSides Seattle 2024 - Stopping Ethan Hunt From Taking Your Data.pptx
BSides Seattle 2024 - Stopping Ethan Hunt From Taking Your Data.pptxfenichawla
 
UNIT-IFLUID PROPERTIES & FLOW CHARACTERISTICS
UNIT-IFLUID PROPERTIES & FLOW CHARACTERISTICSUNIT-IFLUID PROPERTIES & FLOW CHARACTERISTICS
UNIT-IFLUID PROPERTIES & FLOW CHARACTERISTICSrknatarajan
 
KubeKraft presentation @CloudNativeHooghly
KubeKraft presentation @CloudNativeHooghlyKubeKraft presentation @CloudNativeHooghly
KubeKraft presentation @CloudNativeHooghlysanyuktamishra911
 
The Most Attractive Pune Call Girls Budhwar Peth 8250192130 Will You Miss Thi...
The Most Attractive Pune Call Girls Budhwar Peth 8250192130 Will You Miss Thi...The Most Attractive Pune Call Girls Budhwar Peth 8250192130 Will You Miss Thi...
The Most Attractive Pune Call Girls Budhwar Peth 8250192130 Will You Miss Thi...ranjana rawat
 
PVC VS. FIBERGLASS (FRP) GRAVITY SEWER - UNI BELL
PVC VS. FIBERGLASS (FRP) GRAVITY SEWER - UNI BELLPVC VS. FIBERGLASS (FRP) GRAVITY SEWER - UNI BELL
PVC VS. FIBERGLASS (FRP) GRAVITY SEWER - UNI BELLManishPatel169454
 
Call for Papers - African Journal of Biological Sciences, E-ISSN: 2663-2187, ...
Call for Papers - African Journal of Biological Sciences, E-ISSN: 2663-2187, ...Call for Papers - African Journal of Biological Sciences, E-ISSN: 2663-2187, ...
Call for Papers - African Journal of Biological Sciences, E-ISSN: 2663-2187, ...Christo Ananth
 
Booking open Available Pune Call Girls Koregaon Park 6297143586 Call Hot Ind...
Booking open Available Pune Call Girls Koregaon Park  6297143586 Call Hot Ind...Booking open Available Pune Call Girls Koregaon Park  6297143586 Call Hot Ind...
Booking open Available Pune Call Girls Koregaon Park 6297143586 Call Hot Ind...Call Girls in Nagpur High Profile
 
Top Rated Pune Call Girls Budhwar Peth ⟟ 6297143586 ⟟ Call Me For Genuine Se...
Top Rated  Pune Call Girls Budhwar Peth ⟟ 6297143586 ⟟ Call Me For Genuine Se...Top Rated  Pune Call Girls Budhwar Peth ⟟ 6297143586 ⟟ Call Me For Genuine Se...
Top Rated Pune Call Girls Budhwar Peth ⟟ 6297143586 ⟟ Call Me For Genuine Se...Call Girls in Nagpur High Profile
 
Thermal Engineering Unit - I & II . ppt
Thermal Engineering  Unit - I & II . pptThermal Engineering  Unit - I & II . ppt
Thermal Engineering Unit - I & II . pptDineshKumar4165
 
University management System project report..pdf
University management System project report..pdfUniversity management System project report..pdf
University management System project report..pdfKamal Acharya
 
Call Girls Walvekar Nagar Call Me 7737669865 Budget Friendly No Advance Booking
Call Girls Walvekar Nagar Call Me 7737669865 Budget Friendly No Advance BookingCall Girls Walvekar Nagar Call Me 7737669865 Budget Friendly No Advance Booking
Call Girls Walvekar Nagar Call Me 7737669865 Budget Friendly No Advance Bookingroncy bisnoi
 
VIP Call Girls Ankleshwar 7001035870 Whatsapp Number, 24/07 Booking
VIP Call Girls Ankleshwar 7001035870 Whatsapp Number, 24/07 BookingVIP Call Girls Ankleshwar 7001035870 Whatsapp Number, 24/07 Booking
VIP Call Girls Ankleshwar 7001035870 Whatsapp Number, 24/07 Bookingdharasingh5698
 
Double rodded leveling 1 pdf activity 01
Double rodded leveling 1 pdf activity 01Double rodded leveling 1 pdf activity 01
Double rodded leveling 1 pdf activity 01KreezheaRecto
 
Call for Papers - Educational Administration: Theory and Practice, E-ISSN: 21...
Call for Papers - Educational Administration: Theory and Practice, E-ISSN: 21...Call for Papers - Educational Administration: Theory and Practice, E-ISSN: 21...
Call for Papers - Educational Administration: Theory and Practice, E-ISSN: 21...Christo Ananth
 

Recently uploaded (20)

Call Girls in Ramesh Nagar Delhi 💯 Call Us 🔝9953056974 🔝 Escort Service
Call Girls in Ramesh Nagar Delhi 💯 Call Us 🔝9953056974 🔝 Escort ServiceCall Girls in Ramesh Nagar Delhi 💯 Call Us 🔝9953056974 🔝 Escort Service
Call Girls in Ramesh Nagar Delhi 💯 Call Us 🔝9953056974 🔝 Escort Service
 
Vivazz, Mieres Social Housing Design Spain
Vivazz, Mieres Social Housing Design SpainVivazz, Mieres Social Housing Design Spain
Vivazz, Mieres Social Housing Design Spain
 
Online banking management system project.pdf
Online banking management system project.pdfOnline banking management system project.pdf
Online banking management system project.pdf
 
UNIT-V FMM.HYDRAULIC TURBINE - Construction and working
UNIT-V FMM.HYDRAULIC TURBINE - Construction and workingUNIT-V FMM.HYDRAULIC TURBINE - Construction and working
UNIT-V FMM.HYDRAULIC TURBINE - Construction and working
 
NFPA 5000 2024 standard .
NFPA 5000 2024 standard                                  .NFPA 5000 2024 standard                                  .
NFPA 5000 2024 standard .
 
BSides Seattle 2024 - Stopping Ethan Hunt From Taking Your Data.pptx
BSides Seattle 2024 - Stopping Ethan Hunt From Taking Your Data.pptxBSides Seattle 2024 - Stopping Ethan Hunt From Taking Your Data.pptx
BSides Seattle 2024 - Stopping Ethan Hunt From Taking Your Data.pptx
 
UNIT-IFLUID PROPERTIES & FLOW CHARACTERISTICS
UNIT-IFLUID PROPERTIES & FLOW CHARACTERISTICSUNIT-IFLUID PROPERTIES & FLOW CHARACTERISTICS
UNIT-IFLUID PROPERTIES & FLOW CHARACTERISTICS
 
KubeKraft presentation @CloudNativeHooghly
KubeKraft presentation @CloudNativeHooghlyKubeKraft presentation @CloudNativeHooghly
KubeKraft presentation @CloudNativeHooghly
 
Roadmap to Membership of RICS - Pathways and Routes
Roadmap to Membership of RICS - Pathways and RoutesRoadmap to Membership of RICS - Pathways and Routes
Roadmap to Membership of RICS - Pathways and Routes
 
The Most Attractive Pune Call Girls Budhwar Peth 8250192130 Will You Miss Thi...
The Most Attractive Pune Call Girls Budhwar Peth 8250192130 Will You Miss Thi...The Most Attractive Pune Call Girls Budhwar Peth 8250192130 Will You Miss Thi...
The Most Attractive Pune Call Girls Budhwar Peth 8250192130 Will You Miss Thi...
 
PVC VS. FIBERGLASS (FRP) GRAVITY SEWER - UNI BELL
PVC VS. FIBERGLASS (FRP) GRAVITY SEWER - UNI BELLPVC VS. FIBERGLASS (FRP) GRAVITY SEWER - UNI BELL
PVC VS. FIBERGLASS (FRP) GRAVITY SEWER - UNI BELL
 
Call for Papers - African Journal of Biological Sciences, E-ISSN: 2663-2187, ...
Call for Papers - African Journal of Biological Sciences, E-ISSN: 2663-2187, ...Call for Papers - African Journal of Biological Sciences, E-ISSN: 2663-2187, ...
Call for Papers - African Journal of Biological Sciences, E-ISSN: 2663-2187, ...
 
Booking open Available Pune Call Girls Koregaon Park 6297143586 Call Hot Ind...
Booking open Available Pune Call Girls Koregaon Park  6297143586 Call Hot Ind...Booking open Available Pune Call Girls Koregaon Park  6297143586 Call Hot Ind...
Booking open Available Pune Call Girls Koregaon Park 6297143586 Call Hot Ind...
 
Top Rated Pune Call Girls Budhwar Peth ⟟ 6297143586 ⟟ Call Me For Genuine Se...
Top Rated  Pune Call Girls Budhwar Peth ⟟ 6297143586 ⟟ Call Me For Genuine Se...Top Rated  Pune Call Girls Budhwar Peth ⟟ 6297143586 ⟟ Call Me For Genuine Se...
Top Rated Pune Call Girls Budhwar Peth ⟟ 6297143586 ⟟ Call Me For Genuine Se...
 
Thermal Engineering Unit - I & II . ppt
Thermal Engineering  Unit - I & II . pptThermal Engineering  Unit - I & II . ppt
Thermal Engineering Unit - I & II . ppt
 
University management System project report..pdf
University management System project report..pdfUniversity management System project report..pdf
University management System project report..pdf
 
Call Girls Walvekar Nagar Call Me 7737669865 Budget Friendly No Advance Booking
Call Girls Walvekar Nagar Call Me 7737669865 Budget Friendly No Advance BookingCall Girls Walvekar Nagar Call Me 7737669865 Budget Friendly No Advance Booking
Call Girls Walvekar Nagar Call Me 7737669865 Budget Friendly No Advance Booking
 
VIP Call Girls Ankleshwar 7001035870 Whatsapp Number, 24/07 Booking
VIP Call Girls Ankleshwar 7001035870 Whatsapp Number, 24/07 BookingVIP Call Girls Ankleshwar 7001035870 Whatsapp Number, 24/07 Booking
VIP Call Girls Ankleshwar 7001035870 Whatsapp Number, 24/07 Booking
 
Double rodded leveling 1 pdf activity 01
Double rodded leveling 1 pdf activity 01Double rodded leveling 1 pdf activity 01
Double rodded leveling 1 pdf activity 01
 
Call for Papers - Educational Administration: Theory and Practice, E-ISSN: 21...
Call for Papers - Educational Administration: Theory and Practice, E-ISSN: 21...Call for Papers - Educational Administration: Theory and Practice, E-ISSN: 21...
Call for Papers - Educational Administration: Theory and Practice, E-ISSN: 21...
 

Lake nicaragua

  • 2. WHAT IS CANAL??  An artificial waterway constructed to allow the passage of boats or ships inland or to convey water for irrigation.  IMPORTANCE- 1. Importance to commerce and the development 2. Growth and vitality of a civilization 3. Irrigation 4. Power generation 5. Tourism 6. Transportation
  • 3. INTRODUCTION  The major infrastructure development project in Nicaragua, the largest country in the Central American isthmus, bordering Honduras to the north and Costa Rica to the south  Connects the Atlantic Ocean with the Pacific Ocean through the lake Nicaragua thus dividing the country in 2 parts.  Work started officially on December 22, 2014 and is scheduled to be completed by 2020  One of the largest civil engg. works projects ever undertaken  Undertaken by the Hong Kong Nicaragua Canal Development Investment Company (HKND Group)
  • 5. LETS TALK NUMBERS NOW  520 meters wide  173 miles long (275.5 km)  Cost- US$40bn ( =4X GDP)  Target of doubling the no of jobs in the country  Economic growth expected to rise from 4.5% to 14.6%  US$2bn revenue to the govt
  • 7. CANAL SEGMENTATION LANDSCAPE Canal is divided into 5 sections as shown in the figure below
  • 9. TIMELINE  The pre-construction phase - getting permits, acquiring land and machinery and finalizing designs and plans.  The early construction phase (Dec 2014 to Sep 2015) - it secures access to construction sites, provides the critical infrastructure and mobilizes the workforce.  The construction phase (Sep 2015 to March 2020)- time to dig the canal and build the locks plus their infrastructure.  The commissioning phase (April 2020 to June 2020)-` testing of the lock operations and training of lock and tug boat operators.
  • 10. PROJECT FACILITIES  The canal;  Two locks and associated impoundments upstream;  Dredge disposal areas and excavated material placement areas;  A dike;  A stand-alone dam  Ports at the canal’s Pacific and Caribbean entrances;
  • 11. PROJECT FACILITIES  Associated Project Facilities, including transport improvements,  Power generating and transmission facilities to deliver the power required to operate the canal;  Two cement plants and associated aggregate quarries;  A free trade zone including tourist HOTELS,  An international airport at Rivas is also planned to be built.
  • 12. WORKFORCE  50,000 people will be employed during the 5-year construction,  1,400 - administrative positions and the others are in the field.  The estimate for the workforce in 2020 when the project is completed is 3,700 people, and 12,700 in 2050 when traffic has increased. 50% 25% 25% workers nicaragua china others
  • 13. FINANCING  The estimated costs are US$40bn.  Private money provided by Wang Jing at the start- up,  Financial support is expected from INVESTORS  XCMG, a state-owned Chinese construction company will provide machinery and take 1.5-3% of HKND shares in return.  As of the end of 2014 no major INVESTORS have been named.  There has been speculation that the Chinese government provides financial backing for the project, but China as well as Wang Jing have
  • 14. PROJECTIONS  Transit time is about 30 hours. 3576 4138 5097 12855 0 2000 4000 6000 8000 10000 12000 14000 2020 2030 2050 panama no of transits projected no of transits…
  • 15. RISKS AND OPPOSITION  The project has financial, political and engineering risks,  Stratfor , an analyst agency, believes the target to be an “unrealistic goal”.  A coast-to-coast railway line may be built by China in Honduras and could affect utilization of the canal.  Impact of the project on Lake Nicaragua, the largest source of freshwater in Nicaragua.  An oil spill would have serious and lasting consequences,  The impact of dredging bringing up toxic sediments,
  • 16. RISKS AND OPPOSITION  The disruption of migration patterns of animal species,  The potential to introduce invasive species to the Lake,  The estimates of the number of people who will be displaced range from 29,000 to more than 100,000,  The apparent lack of experience of Wang Jing and his HKND Group in large-scale engineering has been cited as a risk.
  • 17. RISKS AND OPPOSITION Nicaragua has witnessed protests against the construction which had even led to the casualties.
  • 18. SOURCES AND BIBLIOGRAPHY  http://en.wikipedia.org/  https://www.youtube.com/watch?v=K1yJzBvc Aoo  http://www.cnbc.com/id/102451065  http://hknd- group.com/upload/pdf/20150105/Nicaragua_ Canal_Project_Description_EN.pdf