Mexico’s $7.5B Gamble to Disrupt the Panama Canal | WSJ Breaking Ground
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I trust a whole countries analytics rather than a newspaper group of journalists’
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Why didn't the Panama Canal authority pump water upwards from the bottom lock to previous locks rather than dumping it into the ocean?
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Good luck with Mexico and their corruption.
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Its not a gamble for Mexico. Most people dont realize the Panama Canal uses a massive amounts of fresh water each trip from left to right and vise versa. The USA didn't realize that the fresh water lakes would drop to dangerous levels at some point. That point is now. And no recovery in sight for the lakes. So Mexico swoops in and reaps all the rewards. Ingenious Mexico. Ingenious AMLO.
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Nobody cares.
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I'm just grateful Nicaragua's canal is no longer going ahead…
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Does any one mention that you have to have one ship on each side of the corridor? IE two ships of the same size where the canal transits one ship.
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Commandeered by wall street like if there lucky .
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I don't believe that Mexico has ether the money or the technical expertise to complete this. Not even close.
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First find a way to keep the cartels out of the whole thing… unless it's already too late. Otherwise, it will be land piracy at its worst! Oh, and be sure to pay off the East Coast longshoremen's union bosses. Early and often.
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Gonzalez Donald Martin Ruth Young Sandra
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They're not trying to disrupt the Panama Canal. This isn't the United States that sees everyone as an enemy. Mexico saw a need. The Panama Canal was at over capacity before the drought. They will pick up the over capacity.
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Water levels in the Panama at historic lows was last years sound bite. Just 1 year of a droughty rainy season sparked a barrage of alarmist articles. Panama is back to a plain old regular rainy season. There is more than enough rain/water in the canal that by December they will be opening the flood gates and dumping fresh water out to the ocean.
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Similar to the Canadian pipeline, It will be dependent on US markets and how impactful the self manufacturing projects are in the US
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U.S. importers are pulling in goods early as possible port strike draws closer: https://on.wsj.com/3XPOtHB
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Low level waters? So no more global warming? Whats next, earth has a leak?
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Guatemala has proposed this, Honduras, Nicaragua, Costa Rica, Colombia…. even Panama. In the end it's still cheaper to use the Panama canal.
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So u r gonna need 2 containers one on the Pacific and another in the Atlantic and also need to pay to unload and then to re-load the cargo.. so how is that gonna b faster? So my $5 phone case from china is gonna take another week to get here that's great.. build it
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Why would you pull all the containers off your ship and onto a train, just to pull them off the train and stack them back onto a ship again to be sent up to New York? If you're going to do that it would make more sense to sail into L.A. and have them taken off and put on a train there. Then they can go on the US rail network to wherever it is they're going. And you don't have to pay for a second ship.
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It's a beginning for Mexico and a very bright one…. sure at the start off it, it will need improvement so over the years it will get better and better. Good for Mexico. 👍
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What is this English accent 😂
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it is not a matter of "who will win" Mexico or Panama, or which lane is faster.
imagine a large grocery store, with many many clients and only one cashier open. the line is looong. Mexico is opening another cash register. both lanes will be long.
if there were 5 or 10 lanes, then people would see who's faster, who's cheaper. but for now, there is only 1 lane. Mexico's lane will be #2. and since these type of mega projects cost Billions, it will be many many years before you see a lane #3.
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Invest in a pro comunist country, ruled by a drug cartel ? no thanks
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The goal of the Interoceanic Corridor in Mexico is not to replace the Panama Canal. Not even close. The government and the president themselves have said it on several occasions, so I don't know why some people still insist on that idea.
The real objective is to create jobs in the area. Oaxaca is one of the poorest states in the country. This project boosts the state’s and region’s economy and provides a future for the people, as the train will create industrial hubs along the route, which translates into employment for locals. That’s what this train is aiming for.
Mexico is not competing with Panama. On the contrary, it’s a partner.
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I mean… we got Nvidia so, pretty sure my country is doing well.
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Isn't the journey from China to the beginning of the interoceanic corridor also quite a bit shorter than going as far south as the Panama Canal?
That must at least make up for the difference in time due to loading on and off of trains… -
What is the COST analysis ? I work 100 feet from 3 of MANY railway tracks in Los Angels / Long Beach ports, you can save fuel going there than 1000 miles south to unload ships in Mexico and the rail them into the USA . our rail roads are faster and shorter distance to where these goods are going. explain it to me 😉
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There's too much corruption in Mexico so a project of this size would likely never come to fruition before the bad actors pocket the money.
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