Beijing backs railway rival to Panama Canal
It could one day become the most dramatic symbol of China’s new economic incursion into South America: a 220km railway line bisecting the neck of Colombia just south of Panama, creating a whole new means of moving goods at low cost between the Pacific and the Atlantic. Talks between Colombia and China on building a rival route to the venerable and over-subscribed Panama Canal are already “quite advanced”, according to Colombia’s President Juan Manuel Santos, who disclosed details of the project in an interview with the Financial Times. Creating…
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Beijing backs railway rival to Panama Canal
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on February 15, 2011. Filed under
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