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Showing posts from April, 2015
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In Paradisiacal Nicaragua, Contemplating a Canal By  ELIZABETH ZACH APRIL 24, 2015 Continue reading the main story Slide Show SLIDE SHOW | 12 Photos Nicaragua’s Troubled Waters Nicaragua’s Troubled Waters Credit Meridith Kohut for The New York Times Continue reading the main story Share This Page Email Share Tweet Pin Save More Continue reading the main story Continue reading the main story As the “Che Guevara” ferry lurched with determination across Lake Nicaragua, inching toward Isla de Ometepe, it was difficult to decide where to train your eye. On one end of the island is Volcán Concepción, an active stratovolcano whose frequent eruptions leave in their wake neat streams of ash that, when the wind is right, resemble the detritus of a giant smokestack. On the other is Volcán Maderas, Concepción’s smaller, lusher cousin. Regardless of where your gaze rests, the $3 ferry ticket (prices are often quoted in dollars in  Nicaragua ) i...
Panama Canal Says China Billionaire’s Nicaragua Plan Won’t Work Don't Miss Out — Follow us on:   Facebook    Twitter    Instagram    Youtube by Kyunghee Park 7:30 AM COT  April 23, 2015 Share on Facebook Share on Twitter   Panama Canal Authority  Administrator Jorge Quijano said he doesn’t expect a planned rival waterway in Nicaragua to be completed because it won’t be able to compete economically with his shipping channel. “There’s very little hope for actually getting such a canal built because of the competitiveness of the Panama Canal,” Quijano said Thursday in Singapore, where he was attending a conference. For investors in the Nicaragua project to get a return that they will accept, that waterway would need to charge tolls twice as high as those for the Panama canal, Quijano said. “So it will not be competitive,” he said. Nicaragua in June 2013 granted Chinese telecommunicati...
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U.S. ports prepare for Panama Canal expansion  Rick Jervis , USA TODAY 6:37 p.m. EDT April 19, 2015 Panama Canal gets a $5.25 billion expansion that will allow the bigger cargo ships of the world carrying up to 14,000 containers to pass through the famous water-way.  USA TODAY (Photo: Rick Jervis)  2173 CONNECT  166 TWEET  147 LINKEDIN  9 COMMENT EMAIL MORE PANAMA CITY — Giant backhoes claw into the ground, as helmeted workers position rebar atop of concrete pillars 100 feet tall. Cranes, trucks and teams of workers toil through a construction site here large enough to fit three Empire State Buildings, laying end to end. More than 2,000 miles north, workers at the Port of New York and New Jersey are busy with their own colossal project: raising a bridge 64 feet, dredging the muck and mud of a harbor to deepen its waters and laying down new railroad lines. The two projects are unrelated but tightly intertwined: One aim...