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Latin America

naaman fletcher

(7,362 posts)

10. Exept you are rong,

Reply to on point (Reply #9)

Fri Jun 14, 2013, 08:49 AM

Jun 2013

It is not insignificant at all.

The 40 billion is being spent to make a profit from. The people spending the $40 billion believe that shipping companies will pay them a premium over the Panama Canal in order to have a shorter and quicker trip to, say, Texas.
It i was insignificant, no companies would pay them a premium over the Panama Canal.

So let me ask you:

Who do you think understands the economics of this better? The people putting up the money and the companies that own the ships, or you?

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Highlight:

Nicaraguan assembly OKs $40 bln Chinese canal to rival Panama's [View all] Judi Lynn Jun 2013 OP

Fascinating development flamingdem Jun 2013 #1

Nicaragua waterway to dwarf Panama canal Judi Lynn Jun 2013 #2

Incredibly stupid idea and waste of resources on point Jun 2013 #3

it will run by China for china. what could possibly go wrong lol nt msongs Jun 2013 #4

The US has considered using both canals: Judi Lynn Jun 2013 #6

It's not a duplicate naaman fletcher Jun 2013 #8

The capability is to cut out a trip all the way around Argentina. This is CLEARLY a duplicate on point Jun 2013 #9

Exept you are rong, naaman fletcher Jun 2013 #10

Wait to see if they do build it Socialistlemur Jun 2013 #13

A region wide road network would have more environmental impacts than the canal Bacchus4.0 Jun 2013 #11

Canal widening is not completed yet, fyi. nt. naaman fletcher Jun 2013 #12

A glance at the history of plans to build a canal across Nicaragua Judi Lynn Jun 2013 #5

Corporate background of Chinese involved in canal construction Socialistlemur Jun 2013 #7

Good news. ocpagu Jun 2013 #14

This canal will save very large ships the trouble of rounding Cape Horn, Judi Lynn Jun 2013 #15

There's very little supertanker traffic around Cape Horn Socialistlemur Jun 2013 #16

I'm not convinced this makes economic sense but it's an interesting wayne_fontes Jun 2013 #17

I have worked planning mega projects, they tend to overspend Socialistlemur Jun 2013 #18