Chinese panama canal project. Even before that as far back as the 1990s china had begun positioning itself at either end of the panama canal by winning contracts to establish container ports run by chinese state owned companies. The expanded canal began commercial operation on 26 june 2016. 3 2018 photo a panama canal worker docks the chinese container ship cosco at the panama canals cocoli locks in panama city.
Beijing funded construction of a new 14 billion bridge spanning the canal. Panama the new flashpoint in chinas growing presence in latin america. The panama canal expansion project also called the third set of locks project doubled the capacity of the panama canal by adding a new lane of traffic allowing for a larger number of ships and increasing the width and depth of the lanes and locks allowing larger ships to pass.
Since the canal project was announced there has been a huge range of estimates of the projected number of people who could be displaced by the project from 27000 to 120000. Panama is currently wallowing in the attention and investment largesse showering down from china. Chinas construction binge spreads to americas rattles us.
In february 2018 manuel coronel kautz head of interoceanic grand canal authority of nicaragua told agence france presse work on the canal was still ongoing but by that point analysts and activists widely viewed the canal project as defunct with china having shifted its investment focus to panama the main competitor to a nicaraguan canal. The panama canal could become the center of the us china trade war panamas strategic and symbolic importance place it at the heart of growing trade tensions. A spat over the site of chinas embassy has underlined the strategic value of the canal through which two thirds of.
Nicaragua Gives Chinese Firm Contract To Build Alternative To Panama Canal Nicaragua The Guardian
www.theguardian.com
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China Hong Kong Firm To Start Rival Panama Canal Through Nicaragua World Shipping Seanews
www.seanews.com.tr
What The Opening Of The Panama Canal Tells Us About Globalization World Economic Forum
www.weforum.org