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.
The Government and Chinese companies responsible for analyzing the environmental viability of the project have made presentations private on the partial developments.
Environmental Resource Management (ERM) and China Railway Construction Corporation (CRCC) submitted to the Technical Advisory Committee of the Grand Canal, and without allowing access to journalists - the progress of the environmental studies for the construction of the inter-oceanic canal.
The Panamanian response, in the event of any of the inter-oceanic canal projects materialising, would be to create another expansion of the Canal.
This was the announcement by Jorge Quijano, chief administrator of the Panama Canal Authority (ACP), after hearing about the intentions of Guatemala and Nicaragua to build two oceanic canals, on land or water.
At a conference organized by AMCHAM in Nicaragua personnel from the company HKND admitted to still not having data on the feasibility of the project.
Ronald McLean, spokesman for the company Wang Jing, and a specialist from the Environmental Resources Management (ERM), Alberto Vega, had no answer for the vast majority of the questions on the Grand Canal of Nicaragua project, raised by businessmen present at the conference.
AmCham Nicaragua has announced that representatives of the company HKND, concessionaire of the project, will hold a conference on August 13.
The activity, organized by the Nicaraguan American Chamber of Commerce (AmCham), will include the participation of HKND Group spokesman Ronald MacLean-Abaroa and Alberto Vega, a representative from Environmental Resources Management (ERN), the firm responsible for the environmental impact studies.
If it is not even clear whether there is a need for another canal in Central America, then obviously some or all of the routes currently being planned are not going to work.
Andres Oppenheimer, in his article in Elnuevoherald.com, notes the incongruity of having so many projects, making so much effort and so much investment in order to transversely divide up Central America, rather than applying those resources to uniting their countries throughout the isthmus.
U.S. investors could get involved in the project but asked for transparency in its management and legal certainty for contracts.
According to Walter Bastian, deputy assistant secretary of the U.S. Department of Commerce, the topic of the canal is "fascinating" and the Government will follow up to see if there is interest from U.S. investors being involved in the work.
The president of HKND declared that they have already decided the route of the proposed Nicaraguan canal.
Wang Jing, president of HKND said that although a feasibility report is currently being carried out, "the framework" for the project has already been defined. "There wont be small changes, but there are no major changes," said the businessmen when specifying the route: Hound Sound Bar (South of Isla del Venado, in Bluefields Bay) - Escondido River - Rama River - Oyate River - Lake Nicaragua - Las Lajas River - Brito River.
A Chinese state heavyweight is the company contracted to carry out the feasibility study for the Grand Canal of Nicaragua.
This is good news for Nicaragua: peaking out from behind the unknown HK Nicaragua Canal Development and its president Wang Jing, are the real stakeholders in the Grand Oceanic Canal.
According to an article in Elnuevodiario.com.ni China Railway Construction Corp., CRCC, is "...
It is not only the ports on the South and East Coast of the U S that have to make provisions for the expansion of the Panama Canal.
Ports in the Caribbean and Latin America will also have a before and after the expansion of the Canal.
Post-Panamax ships require more depth in the access channels to ports and their docks, and this means adjustments to infrastructure need to be made early enough in order to stay in the market as shipping destination, after the inauguration of the new Canal in 2014.
The United Arab Emirates expressed their interest to participate in the construction of the canal, together with other world powers.
Prince Abdullah Zayed Al Nahyan said in his visit to Nicaragua: "We are looking for various cooperation schemes" and "to be part of the initiative to link both oceans with a canal".
"I am here with a team representing the government and the private sector.