Saturday, 11 January 2020 20:47

Mission

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CANATCOL, AP is a Private Association composed of the owners of the Interoceanic Canal area of Colombia in the Municipalities of Jurado, Riosucio and Turbo, constituted under Law #1508 of the Republic of Colombia of 2012.

Saturday, 11 January 2020 20:47

Vision

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CANATCOL, AP has as a top priority the construction of the Colombia Interoceanic Canal for Ultra Large Ships (ULCS) which is projected to be the fleet in 2030.

It also has a series of sub-projects dedicated to creating a development pole in the Department of Chocó to contribute to the health, education and welfare of the entire population of the Colombian Pacific Platform.

 
Saturday, 11 January 2020 20:47

Objectives

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CANATCOL, A.P.

It is proposed to inform all the inhabitants of the Department of Choco of the need to open the hidden treasure that they have for the benefit of the community. Congregate the leaders of the Community Councils and Indigenous Reserves to participate as owners in the construction of the Interoceanic Canal of Colombia at sea level and subsequently of the operation and maintenance of the Colombian Canal.

CANATCOL, AP seeks to create wealth with a continuous flow of dollars to devote to the solution of the humanitarian crisis, to the improvement and development of the areas occupied by its owners.

CANATCOL, AP will seek the necessary financial resources to:

  1. Start the organization of the administration and hold a Session in Quibdo to sign the Deed of Incorporation and registration.

  2. Update the plans and economic studies of the Atrato Truando Canal made in New York in 1964.

  3. Complete the soil studies of the Serrania de Baudo that have not been done.

  4. Do the ecological research necessary to obtain the environmental license.

  5. Submit the deeds and plans to the National Planning Department for approval.

  6. Obtain the necessary resources to build the canal.

  7. Build the Colombian Canal, operate it and maintain it for the benefit of the community.

  8. Build the 200 MW tidal power plant in Jurado, Choco.

  9. Build two cement factories in Cabo Tiburon and Napipi.

  10. Build a heavy equipment factory, railway equipment and a shipyard.

  11. Build a Platinum Refinery and put it into operation under the control of the Colombian Bank of the Republic.

  12. Build a factory of engines operated by hydrogen cells with Platinum membranes.

Saturday, 11 January 2020 20:46

Description

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The Atrato-Truando route was discovered in 1855 by William Kennish in the 5th expedition sponsored by the Wall Street banker of New York, Frederick M. Kelley.

The route was confirmed in 1861 by Lieutenant Nathan Michler, but the US Civil War began and the project was archived. In 1949, US Law 280 ordered the Governor of the Panama Canal to study the Atrato-Truando route again (*).  In 1970, the US Commission for the Interoceanic Canal made the evaluation of thirty possible sites and concluded that the only place where an Interoceanic Canal can be made at sea level is in Choco, Colombia (Fig 6). Two Colombian laws of 1964 and 1984 ordered the construction of the canal. Plans were contracted with TAMS and economic studies with RRNA, two New York companies. They recommended nuclear explosions to cut the Serrania de Baudo and were not accepted. In 1969 new plans were developed and hydraulic studies of the Hydraulic Central Laboratory of France were made available to be updated. The results showed that the Pacific tide rises 4.20 m to the Atrato Lakes. The Atlantic tide of one meter reaches the same place (Fig. 7).  There is sufficient demand for the merchant marine with an increase in the size of ships.

The Foreign Minister of Japan Mr. Fumio Kishida wrote to the President of Panama complaining that "the new locks are not wide enough for the passage of 600,000 TD ships". Unfortunately they cannot be extended because the Miraflores and Gatun lakes do not have the capacity to increase them. The Colombia Canal will be a complement to the Panama Canal, for the ULCS ships.

The Nicaragua Canal was planned to be built over 280 km long, two triple locks fed by the Lake of Nicaragua. Two tectonic faults  destroyed Managua in 1931 and 1976. Hurricane Mitch produced 3,000 deaths in 1976. Their budget was $ 50B USD. There are serious ecological problems that endanger the existence of Lake Nicaragua, the country's water source. The owners of the Canal area protested the expropriation of their land decreed by Law 840 and the Hong Kong company declared Bankruptcy.

CANATCOL, AP The Private Association of the Colombia Canal (Law 1508/2012) was constituted by the owners of the Canal area (Law 70.1993).  CANATCOL represents 150 Afro-Colombian and Indigenous Cabildos communities, owners of the Canal area in the Municipalities of Jurado and Riosucio, Department of Choco.   The extension between the two oceans is 107 miles (172 km.) Most of the land is alluvial, easy to dig. The difficult part is to cross the lowest part of the Serrania de Baudo at 656 feet (200 m.) above sea level, with an open sky cut of 3 mile (4,800 m.) long, 492 feet (150 m.) wide at the base and 92 feet (28 m.) deep to allow Ultra Large Container Ships (ULCS) to pass more than 18,000 TEU.

The Board of Directors of CANATCOL, AP is made up of representatives of ethnic communities. It has an Economic Committee confirmed by local experts.

A law is being requested from the Government of Colombia to exempt the construction of the canal from all taxes for a period of 10 years for new companies that are installed in the Department of Choco. The construction of the Canal with the advice of the Water Center of Unesco-Latin America is also being sought as well as ordering to the 27 Battalions of Military Engineers to build the canal. (Law 24 of 1959).

 

Saturday, 11 January 2020 20:46

Financing

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CANATCOL, AP requires the highest priority and the guarantee of the state, for the issuance of bonds, stocks and international loans.

The sale of timber from the canal area is estimated to provide USD $ 3.5 billion.

 

WHAT WE HAVE?

The most valuable corner of America.

The only site in the hemisphere where you can make an Interoceanic Canal at sea level for Ultra Large Container Ships that are projected to be 85% of the merchant fleet in the next ten years.

A private Association of the owners of the Canal area who wish to open it.

1855 Description of the route by William Kennish, and Frederick M. Kelley (New York).

1861 Report of the Mission of Lieutenant N. Michler (Washington, DC).

1949 Panama Governor’s Report of the Atrato-Truando Route.

1970 US Government Commission Inter Oceanic Canal.

1964 Engineering Studies, geology, soils.

1969 Central Hydraulics Laboratory of France.

2014 “Atrato River Navigability Studies”.

 

WHAT HAS BEEN DONE?

Colombian Law # 53 of 1964 for which plans and economic studies were contracted with two New York companies Tippets-Abbet-McCarthy-Straton and R. Nathan.

Colombian Law # 53 of 1984 ordered the construction of the Canal (It has not been complied with, “it is in force because no other law has repealed it”).

Decree 0926 of 1996 contracted with Nathan of New York feasibility studies.

They concluded that they should wait to finish the expansion of the Panama Canal, which was completed in 2016.

 

WHAT IS NEEDED?

A partner that redesigns the plans in 3D, completes the environmental studies, establishes a Limited Liability Corporation (LLC) with CANATCOL, AP as a Majority Partner (> 51%), takes inventory of the trees ($ 3,500 Million USD Value) and trace the Canal route, finance the bond issuance investment, build and operate the Canal for X number of years.

 

WHAT SHOULD BE DONE?

Option 1. Proclaim a new law that orders the Military Engineers to build the work.

Financing cut to open sky of the Serrania de Baudo of 3 miles (4,800 m) with the sale of trees.

Finance the rest of the project with bond issuance.

Option 2. Santiago Perez Triana proposed in 1915 in London to get a company of multinational engineers to do the work, finance and operate the Canal for a defined number of years.

Bond issuance may be a convenient option to meet the requirements ... This article emphasizes the issuance of bonds as an investment mechanism.

Seek foreign financing and international support from the following countries and organizations: Switzerland, China, France, Japan, Holland, South Korea, Qatar, Singapore, United Kingdom, USA, European Union.

According to the Minister of Foreign Affairs of Japan Fumio Kishida considers that the width of the Panama Canal is insufficient for his vessels. (Wall Street Journal, 2014).

Japan is in an energy crisis due to the destruction of the reactors of Fukushima by the Tsunami. Japan imports 98% of oil, and 90% of coal.

With external collaboration, Colombia could build a liquid natural gas plant and could export Cerrejon coal and oil.

Japan could participate in the Public Private Association of the Interoceanic Canal of Colombia at sea level. The capacity of the port of Bahía Colombia to receive EEA vessels could be increased.

Japan through its organizations JICA (Bilateral Cooperation Agency) and the implementation of Japan's ODA (Official Development Assistance) can develop negotiations. It must also be included in the FTA (Free Trade Agreement) that is currently being carried out with Japan.

Holland: You can also do the feasibility study with the Dutch companies Royal Haskoning-DHV and Ecorys as they did with Nicaragua, bringing their experience and knowledge in maritime transport and the manufacture of cranes for large ports.

European Union: it has programs and economic resources for humanitarian crisis problems, which is the reality today in Chocó, Colombia.