News / Nicaraguan project tough to build and is no threat to us, says Panama Canal chief

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The chief executive of the Panama Canal has dismissed the threat of competition from a Nicaraguan canal, saying his organisation was chiefly focused on winning back cargo “lost to Suez”.

In a question and answer session at the recent TPM conference in Long Beach, Jorge Quijano told delegates the sheer of volume of work needed to make the Nicaraguan canal a reality represented a considerable challenge.

“We have estimated that it would be very hard to do in five years – if ...