Grand Canal: Construction of Ancillary Works

On December 22 the concessionaire of the Grand Canal in Nicaragua, HKND started preliminary works, including the construction of access roads to the excavation sites and other facilities.

Monday, January 5, 2015

Representatives from the Nicaraguan government and the president of the Chinese company HKND, Wang Jing, inaugurated the start of the project to build the canal, which will start, according to the concessionaire, with the ancillary works which are needed before the main work can be begin. reports that "... The preparatory works include the construction of access roads to the excavation sites and some of the installations needed for the waterway project, according to the official plan. "

"... At the opening ceremony the machinery to be used for the primary projects of the Grand Interoceanic Canal of Nicaragua was presented. "

More on this topic

Grand Canal of Nicaragua: Is There Funding?

December 2015

Its promoters claim that the resources to build it are there, with no more details, but the announcement of the postponement of the start of the mega work following the huge losses suffered by Wang Jing in the chinese stock market, has only increased the doubts.

Doubts about the feasibility of this project have been present since it was first announced, but they now appear to be increasing given the contradictions arising from the information that the project spokespersons themselves have been giving out.

Grand Canal of Nicaragua: Start of Works Postponed

November 2015

Arguing that they are improving the design of the waterway, the Chinese company HKND has announced that works will begin in late 2016.

Although December 2015 had initially been stated as the starting date of the primary works on the canal, such as excavation, the Chinese company has now announced that it will postpone these works until the end of 2016.

Bad News for Grand Canal of Nicaragua

October 2015

Wang Jing, the owner of the concession for the great work, may have lost 84% of his personal assets in recent stock market upheavals in China.

While there has never been complete certainty about the realization of the gigantic work which could radically change the development prospects of one of the poorest countries in the hemisphere, news of the serious economic losses suffered by its promoter Wang Jing, tip the balance of opinions on the Grand Canal to the negative side.

Grand Canal of Nicaragua: Financing On Hold

June 2015

HKND is seeking to dispel doubts about the financing of the Grand Canal, and has announced that it expects to start construction of the port of Brito and two free trade zones in 2016.

Six months after the announcement of the start of ancillary works such as construction of access roads to the excavation sites and other facilities, it is still unknown where the estimated $50 billion needed to build the Grand Canal of Nicaragua will come from. Despite this, the Australian-born engineer Bill Wild, adviser to the Chinese company, told that "... Brito port on the isthmus of Rivas, a free trade zone and other economic development areas, are subprojects which will start to be built next year. "

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