Nicaragua sidelines canal project
Ten years on from granting a 50-year renewable concession to the Chinese group Hong Kong Nicaragua Canal Development Investment Co. Limited (HKND Group), owned by Chinese businessman Wang Jing, to build a canal linking the Atlantic and Pacific, the Nicaraguan Government has cancelled the concession and reformed the rules governing the highly ambitious project.
Ten years on from granting a 50-year renewable concession to the Chinese group Hong Kong Nicaragua Canal Development Investment Co. Limited (HKND Group), owned by Chinese businessman Wang Jing, to build a canal linking the Atlantic and Pacific, the Nicaraguan Government has cancelled the concession and reformed the rules governing the highly ambitious project.
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