Nicaragua canal plan approved by Congress, which is expected to become Panama Canal again after connecting the Pacific and Atlantic major human engineering. The Associated Press said the U.S. government for the construction of the canal in Nicaragua's plan "does not hold the position."
This new canal by an enterprise registered in Hong Kong (HK Nicaragua Canal Development Investment Co.Ltd) is responsible for the construction and development. HKND Group's operating concession period of 50 years, an additional 50-year extension. Project will cost $ 40 billion. Will be built is 77 km long Panama Canal is now three times the Panama Canal is considered to be the biggest competitors.
However, the U.S. "Time" magazine website issued a document that China's participation in the US-led Nicaraguan canal construction and building of the Panama Canal, have a geopolitical considerations.
Spanish "El Pais" reported that the Hong Kong-registered enterprise group established less than 10 months, the Nicaraguan opposition, said that "the company formerly known as Paper companies do not have any experience in infrastructure, but also unable to provide such a huge amount of money." . Nicaraguan business leaders also raised doubts that the construction bill was too hasty.
For these questions, HKND Group, said in a statement, will be the "international best practice standards" construction, and do to protect the local environment, heritage and culture of all the efforts, the company "in the construction management and infrastructure development has a very rich experience. "
HKND Group chairman Wang Jing was originally Beijing Communication Group executives in recent years, there is close cooperation with Nicaragua. HKND Group in August 2012 incorporated in Hong Kong in late, but in September had signed a memorandum of cooperation with the Nigerian government.
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