It is the most ambitious project in the country’s history. It is Canal Seco, a Dry Channel that would include 315 kilometers of a road with10 lanes and 2 rail lines to mobilize cargo. That would make Costa Rica a world leader in product transportation.
The plan of the Costa Rican authorities is to build a system capable of unloading the goods, transporting them and reloading them in less than 30 hours, said the secretary of the National Council of Concessions (CNC) Tico, Silvia Jiménez. Costa Rica’s Cansec company already has foreign investors that will finance the 16 billion dollars, according to press secretary Lucía D’Ambrosio, Cansec’s executive president, without publicly identifying them.
“There are advantages in the international situation, such as the low interest rates that make it attractive to invest in this project,” Jiménez told EL PAÍS.
“Costa Rica is very close to the shipping routes, it has an ideal topography in its northern plains. In addition, being a dry channel, would allow to handle very large ships that right now do not pass through Panama despite its recent expansion….it would reduce the waiting times, because they only have to download or load, and this is a huge difference in their costs,” added the secretary of the CNC.
The authorities at all times avoided referring to the project as a competition to the newly remodeled Panama Canal, and considered both complementary. In the other neighboring country with Costa Rica, Nicaragua, the plan to build a wet canal between the two oceans is still underway, with a project commissioned in controversial conditions by Chinese businessman Wang Jing.
Feasibility To Be Determined
“We made the determination of the costs that we require to do the technical accompaniment of the project and we are waiting for the confirmation from Cansec. The total amount of the trust is provided by private companies and exceeds $ 10 million, “said Silvia Sánchez, of the National Concessions Council.
Cansec must submit the pre-feasibility study before one year.
“Once the feasibility is demonstrated in the legal, environmental, technical, economic and financial area, the administration will decide whether to tender the project,” said Silvia Sánchez of the National Concessions Council.
“Development borders the reserve areas. There is an important capital destined and technology of tip to increase the conservation. The way in which it is sustained reflects with all the certainty of the case that conservation and development can exist, “said Lucia D’Ambrossio, representative of Cansec.
By the end of 2017 Costa Rica will know if the country will have a dry channel. If the project progresses as planned and if accepted by the authorities, it could become a reality in 2023.
Watch the fascinating video of the visualization of project CANSEC at this link: