Corinth Canal, Greece:

The Corinth Canal  is a canal that connects the Gulf of Corinth with the Saronic Gulf in the Aegean Sea. It cuts through the narrow Isthmus of Corinth and separates the Peloponnesian peninsula from the Greek mainland, thus effectively making the former an island. The builders dug the canal through the Isthmus at sea level; no locks are employed. It is 6.4 kilometres (4.0 mi) in length and only 21.4 metres (70 ft) wide at its base, making it impassable for most modern ships. It now has little economic importance.

The canal was mooted in classical times and an abortive effort was made to build it in the 1st century AD. Construction finally got underway in 1881 but was hampered by geological and financial problems that bankrupted the original builders. It was completed in 1893, but due to the canal's narrowness, navigational problems and periodic closures to repair landslides from its steep walls, it failed to attract the level of traffic anticipated by its operators. It is now used mainly for tourist traffic.

The idea of a Corinth Canal was revived after Greece gained formal independence from the Ottoman Empire in 1830. The Greek statesman Ioannis Kapodistrias asked a French engineer to assess the feasibility of the project but had to abandon it when its cost was assessed at some 40 million gold francs—far too expensive for the newly independent country. Fresh impetus was given by opening of the Suez Canal in 1869 and the following year, the government of Prime Minister Thrasyvoulos Zaimis passed a law authorising the construction of a Corinth Canal. French entrepreneurs were put in charge but, following the bankruptcy of the French company that dug Panama Canal, French banks refused to lend money and the company went bankrupt too. A fresh concession was granted to the Société Internationale du Canal Maritime de Corinthe in 1881, which was commissioned to construct the canal and operate it for the next 99 years. Construction was formally inaugurated on 23 April 1882 in the presence of King George I of Greece.

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