The concessionaire HKND has announced that it has hired BMT Asia Pacific to develop the plans for the operations of the canal and deepwater ports, and refine the operation model for the integrated Canal-Port.
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.
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.
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.
Amid concerns about the lack of information regarding the source of funds to finance the mega project, the government of Nicaragua and HKND reported that the project, in addition to the construction of the canal, will include the construction of two deepwater ports, a free trade zone, a resort and an airport north of Rivas.
The government has announced that it is analyzing with the Russian authorities ways in which to include their participation in the construction of the work.
Russia has announced through its Deputy Foreign Minister Sergey Ryabkov that it is willing to participate in the construction of the Canal of Nicaragua project and is currently developing concrete forms of cooperation in the work given in concession to the Chinese company and Group HKND estimated at $40 billion.
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