China close to opening US$10 billion canal linking heartlands to Southeast Asia

AI Summary
China is nearing completion of the $10.4 billion Pinglu Canal by the end of 2024, a 134km waterway connecting Nanning in Guangxi to the Gulf of Tonkin. The canal, China's first major canal in centuries, will provide southwestern provinces with direct access to global shipping lanes, facilitating trade with Southeast Asia. The project, which is 89.7% complete, includes infrastructure to accommodate 5,000-tonne vessels, including shiplock hubs and bridges. Preparations for opening the canal to shipping traffic are scheduled to begin in May, with the canal expected to be operational by the end of 2026.
Key Entities & Roles
Keywords
Sentiment Analysis
Source Transparency
This article was automatically classified using rule-based analysis. The political bias score ranges from -1 (far left) to +1 (far right).
Topic Connections
Explore how the topics in this article connect to other news stories