Nicaragua Canal


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Nicaragua Canal,

proposed waterway between the Atlantic and the Pacific oceans. One often considered route would be 172.8 mi (278 km) long and would generally follow the San Juan River, then go through Lake NicaraguaNicaragua, Lake,
3,089 sq mi (8,001 sq km), c.100 mi (160 km) long and up to 45 mi (72 km) wide, SW Nicaragua; the largest lake of Central America. It is drained into the Caribbean Sea by the San Juan River.
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 near the southern shore and across the narrow isthmus of Rivas to the Pacific Ocean. First proposed by Henry ClayClay, Henry,
1777–1852, American statesman, b. Hanover co., Va. Early Career

His father died when he was four years old, and Clay's formal schooling was limited to three years.
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, the U.S. secretary of state in 1826, the route was an important factor in negotiation of the Clayton-Bulwer TreatyClayton-Bulwer Treaty,
concluded (Apr. 19, 1850) at Washington, D.C., between the United States, represented by Secretary of State John M. Clayton, and Great Britain, represented by the British plenipotentiary Sir Henry Bulwer.
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 (1850). In more recent times the route has been considered as an adjunct to the Panama CanalPanama Canal,
waterway across the Isthmus of Panama, connecting the Atlantic (by way of the Caribbean Sea) and Pacific oceans, built by the United States (1904–14, on territory leased from the republic of Panama) and expanded by Pamana (2007–16).
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; it would shorten the water distance between New York and San Francisco by nearly 500 mi (805 km).

Under the Bryan-Chamorro Treaty (1916), the United States paid Nicaragua $3 million for an option in perpetuity and free of taxation, including 99-year leases to the Corn Islands and a site for a naval base on the Gulf of Fonseca. Costa Rica protested that Costa Rican rights to the San Juan River were infringed, and El Salvador maintained that the proposed naval base affected both it and Honduras. Both protests were upheld by the Central American Court of Justice. The court rulings were ignored by Nicaragua and the United States. The action was bitterly criticized by Latin Americans and others as an example of U.S. imperialism. A possible route was surveyed in the early 1930s, and a barge canal was proposed later in the decade. In 1970 the Bryan-Chamorro Treaty was rescinded.

In 2013, Nicaragua granted the Hong Kong Nicaragua Canal Development Investment Co. a 50-year concession for the building of the Nicaragua Canal. The company subsequently proposed (2014) a route that would begin at Punta Gorda on Nicaragua's Caribbean coast (more than 40 mi/65 km N of the San Juan River's mouth), cross Lake Nicaragua, and then enter the Pacific at Brito.

References in periodicals archive ?
Another project is the 173-mile Grand Nicaragua Canal, involving $40 billion mostly in China investments.
By: Mahmoud Oraby CAIRO -- 7 August 2017: Viva Nicaragua Canal channel made a list of the cheapest countries in the world to travel for vacation.
Neither the government of President Daniel Ortega nor its Chinese partner in the project, an untested construction firm called Hong Kong Nicaragua Canal Development Group (HKND Group), has said otherwise.
Nicaragua is looking to build a more massive Nicaragua Canal with the help of a Chinese consortium.
With a $50 billion deal between Hong Kong Nicaragua Canal Development (HKND) and the government of Nicaragua to build the Grand Canal, China Inc.
Megaprojects like the famous Nicaragua Canal, or the inter-ocean railroad that will link the Pacific coast of Peru with the Atlantic coast of Brazil, have spawned far-reaching controversies.
BMT Group has received a contract from Hong Kong Nicaragua Canal Development Group (HKND) for marine and port assessments along the planned waterway.
HK Nicaragua Canal Development Investment Group (HKND), a Chinese infrastructure firm, announced Wednesday that it was delaying the construction of a $50 billion canal across Nicaragua to late 2016, but gave no reason for its decision, according to reports.
En una de las economias mas empobrecidas de America Latina, donde cuatro de cada diez nicaraguenses sobreviven con menos de cuatro dolares al dia segun una investigacion del Banco Mundial de 2015, la concesionaria Hong Kong Nicaragua Canal Development Investment Company (HKND), presidida por Wang, promete un milagro financiero y proyecta la duplicacion del Producto Interno Bruto que en 2013 habia sido de 11,235 millones de dolares, segun las cifras del Banco Central de Nicaragua.
La iniciativa del Gran Canal corre por cuenta de la empresa privada china, basada en Hong Kong, Nicaragua Canal Development Investment Co.
The BBC reports an unconfirmed figure of 15,000 demonstrators who marched in opposition to the construction project by Chinese firm Hong Kong Nicaragua Canal Development (HKND).