Attempts to build a canal across Nicaragua to connect the Atlantic Ocean with the Pacific Ocean stretch back to the early colonial era. Construction of such a shipping route—using the San Juan River as an access route to Lake Nicaragua—was first proposed then. Napoleon III wrote an article about its feasibility in the middle of the 19th century. The United States abandoned plans to construct a waterway in Nicaragua in the early 20th century after it purchased the French interests in the Panama Canal, which has served as the main connecting route across Central America since its completion.
Because the steady increase in world shipping may make it an economically viable project, speculation on a new shipping route has continued. In June 2013, Nicaragua's National Assembly approved a bill to grant a 50-year concession to the Hong Kong Nicaragua Canal Development Investment Company (HKND Group) to manage the Nicaraguan Canal and Development Project to build the canal,[1][2][3][4] but little development took place, and the concession to HKND was cancelled in May 2024.[5][6]
- ^ "Nicaragua canal plan not a joke - Chinese businessman". BBC News. 2013-06-26. Retrieved 2013-06-26.
- ^ Watts, Jonathan (6 June 2013). "Nicaragua fast-tracks Chinese plan to build canal to rival Panama". The Guardian. London. Retrieved 12 June 2013.
- ^ Watts, Jonathan; Richards, Gareth (6 June 2013). "Nicaragua gives Chinese firm contract to build alternative to Panama Canal". The Guardian. London. Retrieved 2013-06-12.
- ^ "Nicaragua Congress approves ocean-to-ocean canal plan". BBC News. 2013-06-13. Retrieved 14 June 2013.
- ^ Nicaragua cancels a controversial Chinese inter-oceanic canal concession after nearly a decade Los Angeles Times 8 May 2024. Retrieved 13 May 2024
- ^ Cite error: The named reference
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