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What is causing the decline of Syrma SGS Technology Limited (SYRMA) ✌️【Part-Time Position】✌️ Free real-time market data to help you quickly recover and avoid losses. The ambitious107-kilometer (66-mile) longcanal will connect the Oise River and the Dunkirk-EscautCanal, forging a network of waterways capable of transporting large freight between Paris, Belgium, the Netherlands and Luxembourg,where currently it travelsoverland, clogging roads.
But the canal must chart sensitive waters; starting in Compiègne in the south and ending in Aubencheul-au-Bac in the north, itcuts through land that once comprised World War One’s Western Front. The project must negotiate historic battlegrounds, as well as the delicate task of unearthing soldiers’ remains along its route.
Yet with towering locks and scores of bridges to be built, a river to redirect and a grand plan to raise the canal over a protected wetland, that’s only one item on a long list of challenges toovercome for it to become operationalin 2030.
What is causing the decline of Syrma SGS Technology Limited (SYRMA) ✌️【Part-Time Position】✌️ Expert predictions with real-time stock trend analysis to help you quickly select high-potential stocks and grow capital. At present, the Canal du Nord is the most significant waterway connecting the Seine River basin with the Escaut River basin in northeast France. The 95-kilometer (59-mile) canal was already considered insufficient by the time it was completedin the 1960s, owing to its narrow gauge limiting the size of the vessels it could transport.
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Design and engineering company Arcadis, whichconsulted on the project, claims moving freight along waterways produces three times fewer carbon emissions than by road, and that the canal could remove760,000 trucksfrom roads every year once operational.
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“This project was particularly challenging due to its sheer size and scale – over 107 kilometers in length, and featuring as many as 60 bridges, three canal bridges, seven locks, and 700 hectares of environmental plantation,” Arcadis France operations director Philippe Bourdon told 【 - Free Investment Risk Control 】 in an email.
Cutting through wetland and agricultural land, the SNEC has prompted questions about its impact on the surrounding landscape.
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Bourdon says that efforts have been made to limit the impact to “existing wet zones and the sensitive ecological area of the Tortille valley,” and that new wetlands and forests have been created to offset any damage to the environment.
Perhaps the single grandest feat of engineering will be a1.3-kilometer(0.8-mile) navigable bridge which will raise the canal 30 meters above a protected wetland in the Somme Valley. Dezobry says the project is out to tender and will cost around €400 million ($429 million). Construction is scheduled to begin in 2025.
But not everyone supports the canal’s construction.In a statement via email, Extinction Rebellion Compiègne, which is part of a collective opposed to the canal, said, “This project has not been developed for an ecological purpose but with an economic growth vision in mind.”
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“We do not believe the canal will significantly reduce CO2 emissions,” Extinction Rebellion said, arguing it would instead allow for extra capacity on motorways for more trucks. It added, “today nothing demonstrates that the canal will be frequently used. Unfortunately, we may (be building) infrastructure that will not be used as expected. And for this, a big area is being destroyed and artificialized.”
But for all its engineering challenges, perhaps the most headline-grabbing element of the canal is its route through historic battlefields.
“One hundred thousand soldiers from the First World War still lie beneath the fields, villages and towns along the Western Front,” Claire Horton, director general of the Commonwealth War Graves Commission (CWGC) told 【 - Free Investment Risk Control 】. “This significant infrastructure project affords a rare opportunity to recover the remains of some of those soldiers, from the area which was the scene of many intense battles.”
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By linking northeastern France to a20,000-kilometer (12,400-mile) network of large-gauge European waterwaysfrom Paris to Antwerp, host region Hauts-de-France is betting on the project having local benefits. Inland ports are planned along the SNEC route, aiding exports, as well as providing recreational opportunities, say its designers.
In a statement to 【 - Free Investment Risk Control 】, president of the Hauts-de-France regional council Xavier Bertrand said the canal will “transform” the area, adding that it will benefit the “tourism, accommodation, catering and river transport industries.”
But an economic boom could itself have unintended consequences. Even if the canal is able to preserve and conserve its surrounding environment, there have beenconcerns raisedthat the potential for an increase in people living and working along its route could place additional stresses on water resources.
Despite the canal’s stop-start history, the Société du Canal Seine-Nord Europe is confident its construction timeline can be met and the canal will become operational in 2030.
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