Mexico’s Bold Plan to Rival the Panama Canal

In the last few years , Mexico has revived a centuries old project to create their own streamlined shipping lane connecting the oceans with the ambitious goal of being both faster and cheaper than the Panama Canal .

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The Inter Oceanic Corridor is the largest ocean connecting railway project in Mexico .

The first line connected the cities of Salina , Cruz and Coatsa Koalas in 1894 .

The railway transported hundreds of thousands of tons of cargo every year, mostly between New York and Hawaii .

In 1914 , the Panama Canal was opened, stealing the vast majority of Mexico 's transoceanic business.

The Inter Oceanic corridor has the potential to completely revitalize Mexico economy, especially the southern part of the country.

By its completion, the corridor will account for as much as 5% of the entire country's GDP, and over the coming decades , it will add a staggering 550,000 jobs to the nation's market.

The pipeline will also fuel the 10 or so industrial parks planned along the route, which are intended to be filled by local and foreign investors.