Proposed tanker route across volatile Nicaragua could rival Panama Canal’s shipping monopoly


Originally posted on National Post | News:

Beijing — For hundreds of years, men have dreamed of building a canal across Nicaragua, conquering this volatile land of volcanoes and rainforests and breaking Panama’s monopoly on global shipping.

On Tuesday that dream came a step closer to reality as a Chinese entrepreneur unveiled his route for a 274-kilometre, pounds 26-billion waterway from the Pacific to the Caribbean.

If Wang Jing pulls off the feat, it will rank as one of the greatest engineering marvels in history.

Sitting in the offices of his telecommunications company in an industrial park north of Beijing, Mr. Wang, 40, is clearly very serious and determined.

“I am 100% certain the construction will begin in December 2014 and we will finish in five years in 2019,” he said.FO0831_Nicaragua_canal_C_AB[3]

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He added that while a feasibility report is unfinished, “the framework” of the project has been decided.

Beginning at the Pacific port of Brito…

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RUSSIA PULLING OUT OF GEORGIA


With a deadline looming for Russia to pull its troops out of Georgia in fulfilment of its agreement in a French brokered deal following its deadly conflict with Georgia, Russian troops have begun dismantling bases and begun pulling out of Georgia.

Russian troops will remain in the two breakaway regions of Georgia, South Ossetia and Abkhazia, which it has recognized as independent of Georgia, along with Hamas and Nicaragua.

The footage below reports on the withdrawal: