Chinese company postpones start of construction on inter-ocean canal to cross Nicaragua

Admin | Nov 28, 2015 | 0 comments

MANAGUA, Nicaragua – A Chinese company said Wednesday it is delaying the start of construction on a $50 billion inter-ocean canal across Nicaragua until late 2016. China’s HKND Co. got approval for environmental studies of the canal earlier this month. But on Wednesday, a company statement said that “the construction of locks and the

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Nicaragua OKs canal’s impact studies, clearing way for construction

Admin | Nov 6, 2015 | 0 comments

The state-run Nicaraguan Grand Interoceanic Canal Commission on Thursday approved Chinese concession holder HKND Group’s environmental and social impact studies for that waterway project, clearing the way for construction to begin. “We’re authorizing HKND now to begin the design, structural and construction processes,” the commission’s president, Manuel Coronel Kautz, said during a ceremony in

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