With an estimation that global trade will continue to accelerate, a privately-held global firm is set to build a massive canal project across Nicaragua linking the Atlantic and Pacific oceans. It is considered one of the largest infrastructure projects being planned in the world today.
Rights to develop and manage the project belong to HKND Group, a privately-held infrastructure development firm run by a Chinese businessman Wang Jing. The firm calls its project is the Nicaragua Grand Canal and Development Project, which is also known as the Grand Canal.
Ground could break on the project as early as this year. Plans and talks have been underway since 2012. The Nicaraguan government agreed to give the HKNG Group rights to plan, design, construct, operate and manage the canal, and the Nicaraguan Parliament signed off on the agreement in June 2013.
— More to come —
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