Mexico’s new Interoceanic Railway competes with the Panama Canal
Atlas-report.com states that the Mexican railway project is a big bet to compete with the Panamanian Canal which itself was completed and inaugurated in 1914 presenting an alternative to a journey between the Atlantic and the Pacific of an average of 20 thousand kilometers and lasted around 10 days. The new Panamanian canal takes between 8 and 10 hours.
Annually, around 16,000 ships from 160 nations pass through the canal, with the toll generating around $2 billion in revenue says Atlas-report.
Mexico’s new Interoceanic Railway opened at the end of December was first inaugurated by Porfírio Díaz in 1907 to transport goods from the Pacific to the coast eastern United States. The expanded rail corridor, in addition to Line Z, will have two more lines
The government expects that, by 2028, 300,000 containers will be transported and that passengers and tourists, but also cargo will be carried.
Challenges mention are the long time spent relocating containers: this logistical problem of removing products from ships, transferring them to the train and taking them back to ships again can become an obstacle for
Atlas stated, “The creation of the railway line represents another essential alternative to the Panama Canal, which previously did not exist, for large companies to transport their products from the Pacific to the Atlantic efficiently.
“Furthermore, the Panama Canal is an unstable route that can go through periods of recurring floods or droughts in which the number of ships crossing need to decrease or end up stuck in line, having to wait weeks before they can cross from one side to the other.”
The analysts concluded, “Considering all factors, Mexico’s Interoceanic Corridor project may have the capacity to prosper and rival the historic Panama Canal. Generally, more connectivity and transport alternatives are always beneficial to local communities and the global economy as a whole.”
Annually, around 16,000 ships from 160 nations pass through the canal, with the toll generating around $2 billion in revenue says Atlas-report.
Mexico’s new Interoceanic Railway opened at the end of December was first inaugurated by Porfírio Díaz in 1907 to transport goods from the Pacific to the coast eastern United States. The expanded rail corridor, in addition to Line Z, will have two more lines
The government expects that, by 2028, 300,000 containers will be transported and that passengers and tourists, but also cargo will be carried.
Challenges mention are the long time spent relocating containers: this logistical problem of removing products from ships, transferring them to the train and taking them back to ships again can become an obstacle for
Atlas stated, “The creation of the railway line represents another essential alternative to the Panama Canal, which previously did not exist, for large companies to transport their products from the Pacific to the Atlantic efficiently.
“Furthermore, the Panama Canal is an unstable route that can go through periods of recurring floods or droughts in which the number of ships crossing need to decrease or end up stuck in line, having to wait weeks before they can cross from one side to the other.”
The analysts concluded, “Considering all factors, Mexico’s Interoceanic Corridor project may have the capacity to prosper and rival the historic Panama Canal. Generally, more connectivity and transport alternatives are always beneficial to local communities and the global economy as a whole.”
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