Russia Interested In Nicaragua Inter-ocean Canal

#1
http://www.nasdaq.com/aspxcontent/N...sted In Nicaragua Inter-ocean Canal President

Russian President Dmitry Medvedev on Thursday said Moscow was looking at participating in a Nicaraguan proposal to link the Pacific and Atlantic Oceans by a new canal.

"We look at this project with interest," he told a news conference alongside Nicaraguan President Daniel Ortega.

Medvedev said he and Ortega had discussed "the creation of a transoceanic channel, naturally, on an international basis with the inclusion of different participants."
 
#2
KGB_resident said:
http://www.nasdaq.com/aspxcontent/NewsStory.aspx?cpath=20081218/ACQDJON200812180913DOWJONESDJONLINE000628.htm&&mypage=newsheadlines&title=UPDATE:%20Russia%20Interested%20In%20Nicaragua%20Inter-ocean%20Canal%20President

Russian President Dmitry Medvedev on Thursday said Moscow was looking at participating in a Nicaraguan proposal to link the Pacific and Atlantic Oceans by a new canal.

"We look at this project with interest," he told a news conference alongside Nicaraguan President Daniel Ortega.

Medvedev said he and Ortega had discussed "the creation of a transoceanic channel, naturally, on an international basis with the inclusion of different participants."
I'm detecting a small flaw in this plan...
 
#3
Considering the cost of building one, I can't see this happening. Where is the financial advantage in pouring billions into this work in these difficult times?

Is this that cock Ortega ego's getting the better of him again? I think so. :roll:
 
#4
parapauk said:
KGB_resident said:
http://www.nasdaq.com/aspxcontent/NewsStory.aspx?cpath=20081218/ACQDJON200812180913DOWJONESDJONLINE000628.htm&&mypage=newsheadlines&title=UPDATE:%20Russia%20Interested%20In%20Nicaragua%20Inter-ocean%20Canal%20President

Russian President Dmitry Medvedev on Thursday said Moscow was looking at participating in a Nicaraguan proposal to link the Pacific and Atlantic Oceans by a new canal.

"We look at this project with interest," he told a news conference alongside Nicaraguan President Daniel Ortega.

Medvedev said he and Ortega had discussed "the creation of a transoceanic channel, naturally, on an international basis with the inclusion of different participants."
I'm detecting a small flaw in this plan...
The project is too expensive. Though the decision would be rather political one.

China and Venezuela (and some other countries as Brazil) could join the project that is quite realistic from technical point of view.

No doubt that our American friends would be likely upset. Their control over the Panama Canal would be devaluated.
 
#5
in_the_cheapseats said:
Considering the cost of building one, I can't see this happening. Where is the financial advantage in pouring billions into this work in these difficult times?

Is this that c*** Ortega ego's getting the better of him again? I think so. :roll:
Yeah, but it will p!ss off the yanks.

It would be better to 're-develop' Cuba though...
 
#6
KGB_resident said:

The project is too expensive
. Though the decision would be rather political one.

China and Venezuela (and some other countries as Brazil) could join the project that is quite realistic from technical point of view.

No doubt that our American friends would be likely upset. Their control over the Panama Canal would be devaluated.
Is it? The article states $20Bn that doesn't seem so outrageous to me. It is an awful lot less than the NHS bill for 1 year. Or did I miss something?
 
#7
Perturbed said:
KGB_resident said:

The project is too expensive
. Though the decision would be rather political one.

China and Venezuela (and some other countries as Brazil) could join the project that is quite realistic from technical point of view.

No doubt that our American friends would be likely upset. Their control over the Panama Canal would be devaluated.
Is it? The article states $20Bn that doesn't seem so outrageous to me. It is an awful lot less than the NHS bill for 1 year. Or did I miss something?
Russian rulers don't care about the NHS, about pensioners, about education. Though what governments does care? Maybe American or British?
 
#8
KGB_resident said:
Perturbed said:
KGB_resident said:

The project is too expensive
. Though the decision would be rather political one.

China and Venezuela (and some other countries as Brazil) could join the project that is quite realistic from technical point of view.

No doubt that our American friends would be likely upset. Their control over the Panama Canal would be devaluated.
Is it? The article states $20Bn that doesn't seem so outrageous to me. It is an awful lot less than the NHS bill for 1 year. Or did I miss something?
Russian rulers don't care about the NHS, about pensioners, about education. Though what governments does care? Maybe American or British?
When was the last time a British or Yank disident was murdered by MI6/CIA in Moscow, Sh!tlips?
 
#9
Airfix said:
KGB_resident said:
Perturbed said:
KGB_resident said:

The project is too expensive
. Though the decision would be rather political one.

China and Venezuela (and some other countries as Brazil) could join the project that is quite realistic from technical point of view.

No doubt that our American friends would be likely upset. Their control over the Panama Canal would be devaluated.
Is it? The article states $20Bn that doesn't seem so outrageous to me. It is an awful lot less than the NHS bill for 1 year. Or did I miss something?
Russian rulers don't care about the NHS, about pensioners, about education. Though what governments does care? Maybe American or British?
When was the last time a British or Yank disident was murdered by MI6/CIA in Moscow, Sh!tlips?
Russian secret services are too professional not to allow it.
 
#10
KGB_resident said:
Perturbed said:
The article states $20Bn that doesn't seem so outrageous to me. It is an awful lot less than the NHS bill for 1 year. Or did I miss something?
Russian rulers don't care about the NHS, about pensioners, about education. Though what governments does care? Maybe American or British?
The point I was trying to make is that $20 Bn is probably a drop in the ocean for the budget of Russia. IIRC you recently stated that the Russian economy was on a par with the UK. So the reason I used the NHS as an example is that it is a continuous expense for an economy aprox = to Russia's. In that way $20 Bn (roughly £14 Bn) one-off cost doesn't seem expensive for a permanent asset.

Estimated costs for the NHS;

2002-03: £65.4bn
2003-04: £72.1bn
2004-05: £79.3bn
2005-06: £87.2bn
2006-07: £95.9bn
2007-08: £105.6bn
How much would an alternative trading route be worth to Russia?
 
#11
Perturbed said:
KGB_resident said:
Perturbed said:
The article states $20Bn that doesn't seem so outrageous to me. It is an awful lot less than the NHS bill for 1 year. Or did I miss something?
Russian rulers don't care about the NHS, about pensioners, about education. Though what governments does care? Maybe American or British?
The point I was trying to make is that $20 Bn is probably a drop in the ocean for the budget of Russia. IIRC you recently stated that the Russian economy was on a par with the UK. So the reason I used the NHS as an example is that it is a continuous expense for an economy aprox = to Russia's. In that way $20 Bn (roughly £14 Bn) one-off cost doesn't seem expensive for a permanent asset.

Estimated costs for the NHS;

2002-03: £65.4bn
2003-04: £72.1bn
2004-05: £79.3bn
2005-06: £87.2bn
2006-07: £95.9bn
2007-08: £105.6bn
How much would an alternative trading route be worth to Russia?
Given that Russia has peacetime access to both the Atlantic and Pacific, and open use of the existing canal, pretty much zero. Given that in wartime a 5000lbs LGD would be able to take out a canal's loch gates whether it was in Panama or Nicaragua, pretty much zero.
 
#12
KGB_resident said:
No doubt that our American friends would be likely upset. Their control over the Panama Canal would be devaluated.
I think control was devalued a while back, though there's still serious influence over it.

Not sure what Russia would gain in what in essence would be a challenge with a new administration over this unless they're just tweaking everyone's nose.

I'm wondering what Ortega's relationship with the new administration will pan out to be. That, I think, might be a determining factor as well.
 
#13
Ortega wants to build a canal, so Medvedev referred to the project as "interesting" and said Russia will look into it. It's not the same as "Yep! Where is our spade?!"

Whether Russia will take part in building the said canal or not, is not so important. What is important is this: "Medvedev visit to Latin America has been extremely successful, opening up the new Russia-friendly markets for goods and investment...

Following President's visit to the four countries about two dozens of agreements were signed, including agreements on cooperation in banking, energy sectors, the field of military technical cooperation..." http://translate.google.co.uk/trans...%90%D0%BC%D0%B5%D1%80%D0%B8%D0%BA%D0%B5&hl=en

It's Russia's return into Latin America.
 
#14
parapauk said:
Given that Russia has peacetime access to both the Atlantic and Pacific, and open use of the existing canal, pretty much zero...
Cheers for that. I must admit that I do not know but is the Panama canal congested or not?
 
#15
Yes, always. You certainly need to on time or you get bumped down the list. For commercial carriers even a 24hr delay costs vast amounts. It is one of the reasons that there are expansion plans, putting in parallel locks to increase the throughput.

For sailing yachts - the wait for a trip through can be weeks. Again booking well in advance is necessary.
 
#16
in_the_cheapseats said:
Yes, always. You certainly need to on time or you get bumped down the list. For commercial carriers even a 24hr delay costs vast amounts. It is one of the reasons that there are expansion plans, putting in parallel locks to increase the throughput.

For sailing yachts - the wait for a trip through can be weeks. Again booking well in advance is necessary.
So would a second canal be worthwhile?
 
#18
#20
KGB_resident said:
Airfix said:
When was the last time a British or Yank disident was murdered by MI6/CIA in Moscow, Sh!tlips?
Russian secret services are too professional not to allow it.
Ha! That made me laugh! A Russian with a dry sense of humour, who'd have thought...

If the Panama Canal is congested, then a rival one sounds smashing. They cover the fixed costs, our companies reap the benefits from cheaper marginal shipping costs and, if we're really lucky, both canals compete to attract the other's customers through rate decreases.
 

Similar threads

Latest Threads

Top