The Proposed Transoceanic Canal Connecting the Atlantic And Pacific Oceans is Giving Environmentalists Fits

March 5, 2015 10:01 AM

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A private company, the Hong Kong Nicaragua Canal Development Investment Company (HKND), is building a 172-mile, $50 billion transoceanic canal connecting the Atlantic and Pacific oceans. This is in collaboration between the private Hong Kong Company and the Nicaraguan government, which granted the concession last June.

The preparation for the project has begun with the construction of roads intended to be used for the conveyance of heavy equipment and construction supplies. It will be known as the Nicaragua Interoceanic canal which will be longer, wider and deeper than the 51-mile Panama Canal. It’s going to be on...

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