China and Russia will build the Panama Canal's rival in Nicaragua

Sunday, April 27, 2014

The Panama Canal, which is more than 100 years controlled by the United States, was built between 1904 to 1913, under the supervision of the U.S. Department of Defense. When it was finished, Panama became a protectorate of the United States.

There is no denying that Russia and China pose a serious geopolitical challenge to the United States. One important step in that direction is the construction of a rival to the Panama canal water crossing linking the Atlantic and the Pacific oceans. China has been granted the construction rights and the ownership of the Nicaragua Canal for 100 years by the Nicaraguan government.

The construction of the waterway will begin in December 2014 and it costs more than 40 billion dollars. According to a rough estimate, the canal could be operational in 2019, but some sections of the construction work will be continuing until 2029. The additional work involves the construction of two airfields and several oil refineries.

To prevent any kind of U.S. military intervention in the region the Nicaraguan government struck a deal with the Russian government that by using aircrafts and warships will monitor the construction project until its full completion. With this deal Nicaragua has become the Russian Federation's military ally in the region. In the UN vote regarding the Crimean Peninsula referendum Nicaragua was among the 11 countries in support of the Russian position.

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