Yes, you read it correctly: fifteen-hundred-billion-dollars. The estimated costs of building the Sahara Canal.
Objectively speaking 1500 billion is a lot of money. Indeed the costs of the Sahara Canal Project are immense, huge, unprecedented. It is safe to say there has not been proposed a costlier investment project in the history of investment projects.
The estimated building costs: $ 1.500.000.000.000
This is roughly 1 billion for each kilometer of canal. One billion dollar for each kilometer to buy building materials, pay and feed the workers, construct harbors, implement fresh water plants, build cities , rails and roads, pay for logistics, hospitals, materials etc. Yes, this is huge.
Is this expensive?
The costs are nothing compared to the outcome. The potential benefits of the project far outreach the investment. Is this a viable investment? We believe it is. The construction phase will immediately result in people, companies and investors making money. People make money by working, companies make money by selling goods and services and investors make money helping to make the construction of this canal possible.
As stated the benefits outweigh the investment. This is true. Imagine only if the larger part of the Sahara (more or less the same size as the USA) can be used for the production of food? Imagine cities can be build? People will be able to live in a house, credits are possible for people to grow businesses, numerous jobs are created around the area. The image on the front page of this website would drastically change. Africa, Northern Africa, would become a world player in food and energy. So in terms of ROI, yes, the Sahara Canal is a good investment in every sense of the word.
We already spent $ 1.500.000.000.000
We add this topic to open eyes. Over the past decades an amount close to the project costs has already been spent. And without the intended result. Put the amount of aid money used in the region aside and just think about the costs of all the people thinking about aid funds? Working on aid projects? All the bankers, people in the world aid institutions and networks, these people do not work for free. Yet they do not achieve what they are paid for. We do not say this was useless, but it sure was an expensive lesson. What if all these people start to actually do what is needed: revitalise the region!
When do we begin?
Now that is a good question. Initially costs will be made to study the proposition. An idea is great, but building a canal of this size takes some time. Professionals and politicians will need to look at the various aspects of the construction of the canal and the consequences once the canal is there.
The construction requires study of geology, materials, planning, logistics, humand resources, allocation of capital and materials