CARRIERS: From lofty ideas to concrete plans. Western companies will present feasibility studies for the Nicaragua Canal before the end of June. The government of Nicaragua is in Europe to attract investors.
BY TOMAS KRISTIANSEN Published 08.05.14 at 09:11
The plan to build an alternative to the Panama Canal through Nicaragua is changing from a wistful idea, doubted by many, to an actual project that could soon become a reality.
Today ShippingWatch can report that several of the biggest Western infrastructure companies are currently working on feasibility studies aimed at evaluating the central elements necessary in order to realize the colossal project.
American McKinsey is looking at the finances of the project.
Australian mining company MEC Mining is reviewing the scope of the digging work through the country's jungle, while British ERM is handling the environmental consequences, and consulting engineers SBE, of Belgium, will present a proposal for the dimensions of the massive wa…