HKND Awards Contract for Survey for Nicaraguan Canal
HKND Group, concessionaire of the Nicaragua Interoceanic Grand Canal project, signed an agreement with international geological and resource consultancy CSA Global of Australia in the headquarters of HKND Group in Hong Kong, entrusting CSA Global to conduct an aerial geological survey of the canal route and Lake Nicaragua shore line. The survey comprises of Aerial mapping of topography, photography and geophysical and geological data. HKND Group concluded an open tender works package award with CSA Global for the services. “The survey is a major step in the construction development process and supports pre-works planning, design and engineering for the canal and infrastructure”, stated senior advisor of HKND Group, John Murray.
Nicaragua Canal Disastrous: Scientists
An international consortium of environmental scientists has expressed strong concern about the impact of a controversial Central American canal across Nicaragua. The leading researchers from 18 institutions in the United States and Central and South America -- have voiced their opposition to the Nicaragua Interoceanic Grand Canal and the haste with which the project has been initiated, reports UPI. The path of the Nicaragua Interoceanic Grand Canal to connect the Atlantic and Pacific oceans will cut through Lake Cocibolca (aka Lake Nicaragua), Central America's main freshwater reservoir and the largest tropical freshwater lake of the Americas.
Chinese Billionaire Backs Nicaragua Canal Plan
Wang Jing, the enigmatic businessman behind Nicaragua's $50 billion Interoceanic Grand Canal, shrugs off scepticism about how a little-known entrepreneur can be driving a huge transcontinental project, insisting he's not an agent of the Beijing government. "I know you don't believe me," said Wang, who reckons that he's forked-out about $100 million in canal preparation work, and is burning as much as $10 million a month on the project. Wang grabbed global headlines last June when he sealed a controversial no-bid 50-year renewable concession from Nicaragua's Sandinista government to develop the $50 billion canal to rival Panama's, and related facilities. Nicaragua preparation is on schedule, Wang said.
China's "Ordinary" Billionaire Behind Nicaragua Canal Plan
Wang Jing, the enigmatic businessman behind Nicaragua's $50 billion Interoceanic Grand Canal, shrugs off scepticism about how a little-known entrepreneur can be driving a huge transcontinental project, insisting he's not an agent of the Beijing government. "I know you don't believe me," said Wang, who reckons that he's forked-out about $100 million in canal preparation work, and is burning as much as $10 million a month on the project. "You believe there are people from the Chinese government in the background providing support. High-ranking Chinese officials including President Xi Jinping, Premier Li Keqiang and former leaders Jiang Zemin and Wen Jiabao have all visited the state-connected wireless communication technologies company Wang took control of four years ago.
