While there is growing uncertainty about the financial viability of the project , the concessionaire HKND seems to be trying to dispel those doubts announcing the hiring of a specialized maritime infrastructure consulting firm to design plans for the proposed canal's operation.

See "Grand Canal of Nicaragua: start of works postponed"

"... HKND executive vice president, Kwok Wai Pang, said that the 'design will allow the Nicaraguan Canal to accommodate a variety of vessels, ranging from existing fleets to future ultra-class vessels; in reference to the design stage, both geometry optimization and planning of the integration of the movements of ships through the canal, ports and approaches from the ocean, are fundamental to the future development of a canal and test infrastructure. '"

Laprensa.com.ni reports that "... According to Richard Colwill, CEO of BMT Asia Pacific, the study to be made 'will try to articulate a solution that minimizes the excavation of the canal while ensuring adequate capacity and security for this project. A crucial part of the solution includes sophisticated navigation and transport simulation, which will establish the basis for identifying a design that achieves a balance between the CAPEX investment (investments in productive assets) and excavation safety, efficiency and capacity.'"

Source: laprensa.com.ni

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More on this topic

Grand Canal of Nicaragua: Project Details

November 2015

Part of the project includes a plan to build deep-water ports at both ends of the canal, with wharves and transshipment ports which can accommodate vessels of up to 200,000 dwt.

The environmental and social impact study for the construction of the Grand Canal of Nicaragua, published on the website of the Chinese concessionaire HKND, describes in detail the characteristics of the project and the impact it will have on the physical and biological resources in the area as well as its effects on economic and employment levels.

Grand Canal: Construction of Ancillary Works

January 2015

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.

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.

Start of Construction of the Grand Canal of Nicaragua Announced

November 2014

The Chinese government and the concessionaire HKND have announced that on December 22 work will begin on the project with the construction of secondary roads and ports.  

In the first part of the presentation given by the Chinese company to the government and businessmen, feasibility, environmental, and social studies, for the market and design work were presented.

Draft Project of the Grand Canal of Nicaragua

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Without revealing how it will be financed, HKND Group has presented a draft design which as well as the canal also includes deepwater ports, a free trade zone, a resort, an airport and an artificial lake.

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