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2015-02-26 — cnbc.com
The canal would need to generate an annual income of about $5 billion, explained Sabonge. But the Panama Canal, with a transit of 13,482 ships, carrying 327 million tons, generates annual revenue of only about $2 billion, according to 2014 figures.
Naturally, the lack of an apparent financial feasibility has raised questions about whether the Nicaragua Grand Canal is a commercial project for HKND--or a geopolitical project for the Chinese government. "If an investor doesn't see that there's a viable option, or demand out there to make a profit, they wouldn't make an investment. That leaves the question of maybe it's coming from the government," said Chang Qian Guan, a professor at the U.S. Merchant Marine Academy. source article | permalink | discuss | subscribe by: | RSS | email Comments: Be the first to add a comment add a comment | go to forum thread Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately. |