Monkey Point
Encyclopedia
Monkey Point is a village in Región Autónoma del Atlántico Sur
, Nicaragua
, south of Bluefields
. It is located near the site of a planned $US
350 million seaport
, to be financed by Iran
and Venezuela
. More recently American and South Korean
investors have expressed interest in developing a container terminal
there. This container terminal will be situated at the Caribbean
end of the planned Ecocanal
, which will link Monkey Point to the town of Corinto
on the Pacific coast of Nicaragua.
Región Autónoma del Atlántico Sur
Región Autónoma del Atlántico Sur , sometimes shortened to RAAS, is one of two autonomous regions in Nicaragua. It covers an area of 27,407 km² and has a population of 382,100...
, Nicaragua
Nicaragua
Nicaragua is the largest country in the Central American American isthmus, bordered by Honduras to the north and Costa Rica to the south. The country is situated between 11 and 14 degrees north of the Equator in the Northern Hemisphere, which places it entirely within the tropics. The Pacific Ocean...
, south of Bluefields
Bluefields
Bluefields is the capital of the municipality of the same name, and of Región Autónoma del Atlántico Sur in Nicaragua. It was also capital of the former Zelaya Department, which was divided into North and South Atlantic Autonomous Regions...
. It is located near the site of a planned $US
United States dollar
The United States dollar , also referred to as the American dollar, is the official currency of the United States of America. It is divided into 100 smaller units called cents or pennies....
350 million seaport
Port
A port is a location on a coast or shore containing one or more harbors where ships can dock and transfer people or cargo to or from land....
, to be financed by Iran
Iran
Iran , officially the Islamic Republic of Iran , is a country in Southern and Western Asia. The name "Iran" has been in use natively since the Sassanian era and came into use internationally in 1935, before which the country was known to the Western world as Persia...
and Venezuela
Venezuela
Venezuela , officially called the Bolivarian Republic of Venezuela , is a tropical country on the northern coast of South America. It borders Colombia to the west, Guyana to the east, and Brazil to the south...
. More recently American and South Korean
South Korea
The Republic of Korea , , is a sovereign state in East Asia, located on the southern portion of the Korean Peninsula. It is neighbored by the People's Republic of China to the west, Japan to the east, North Korea to the north, and the East China Sea and Republic of China to the south...
investors have expressed interest in developing a container terminal
Container terminal
A container terminal is a facility where cargo containers are transshipped between different transport vehicles, for onward transportation. The transshipment may be between container ships and land vehicles, for example trains or trucks, in which case the terminal is described as a maritime...
there. This container terminal will be situated at the Caribbean
Caribbean Sea
The Caribbean Sea is a sea of the Atlantic Ocean located in the tropics of the Western hemisphere. It is bounded by Mexico and Central America to the west and southwest, to the north by the Greater Antilles, and to the east by the Lesser Antilles....
end of the planned Ecocanal
Ecocanal
The Nicaraguan Ecocanal is a project under construction in Nicaragua to build deepwater port facilities on the Atlantic Ocean coast, to link to the existing seaport of Corinto on the Pacific Ocean. They would be connected by a rail system to transport containerized and bulk cargo overland...
, which will link Monkey Point to the town of Corinto
Corinto, Nicaragua
Corinto is a town of 17,000 on the northwest Pacific coast of Nicaragua in the province of Chinandega. The municipality was founded in 1863 and was named in honour of the Greek city of Corinth.- Economy :...
on the Pacific coast of Nicaragua.