Uploaded April 2024 | Updated September 2026, 1 day ago
The Truth About China in South America. After a century of being the most efficient way to get between the Pacific and the Atlantic, The Panama Canal's small size and increasingly long wait times are causing people to lose faith in the US construction and instead seek solutions elsewhere. China wants to build a new Canal in Nicaragua, Mexico is trying to build the Interoceanic Corridor of the Isthmus of Tehuantepec and several South American countries are banding together to create the Bi-Oceanic Corridor.
The new canal in Nicaragua has been attempted and reached several roadblocks over the last several decades, HKND a Chinese construction company made promise to change the canals fate, but after some shady tactics, a slew of unkeepable expectations and the chinese stock market crash, the company went out of business and the project was shelved for the time being.
Mexico on the other hand has seen a bit more success with the Interoceanic Corridor of the Isthmus of Tehuantepec, looking to revive a rail system that once was a lucrative and convenient means of transporting goods and upgrade it into a modern alternative to the Panama Canal.
Brazil, Chile, Argentina, and Paraguay have also decided to join forces to create the Bi-Oceanic Corridor, another set of rail lines that look to streamline productivity and trade in the regions and with the expanding Asian market. If the United States chooses not to act, China's involvement and Panama struggles could lead to a shift in control over main trade routes in South America.
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#engineering
#construction
#beyondfacts
The Truth About China in South America. After a century of being the most efficient way to get between the Pacific and the Atlantic, The Panama Canal's small size and increasingly long wait times are causing people to lose faith in the US construction and instead seek solutions elsewhere. China wants to build a new Canal in Nicaragua, Mexico is trying to build the Interoceanic Corridor of the Isthmus of Tehuantepec and several South American countries are banding together to create the Bi-Oceanic Corridor.
The new canal in Nicaragua has been attempted and reached several roadblocks over the last several decades, HKND a Chinese construction company made promise to change the canals fate, but after some shady tactics, a slew of unkeepable expectations and the chinese stock market crash, the company went out of business and the project was shelved for the time being.
Mexico on the other hand has seen a bit more success with the Interoceanic Corridor of the Isthmus of Tehuantepec, looking to revive a rail system that once was a lucrative and convenient means of transporting goods and upgrade it into a modern alternative to the Panama Canal.
Brazil, Chile, Argentina, and Paraguay have also decided to join forces to create the Bi-Oceanic Corridor, another set of rail lines that look to streamline productivity and trade in the regions and with the expanding Asian market. If the United States chooses not to act, China's involvement and Panama struggles could lead to a shift in control over main trade routes in South America.
Join this 'Paper Pilot CLub' to get access to perks:
youtube.com/channel/UCzgWZmqmKpmsr4oPWITusKA/join
SUBSCRIBE: bit.ly/beyondFactsSUB
#engineering
#construction
#beyondfacts
