• Wed
  • Oct 22, 2014
  • Updated: 10:32pm

Nicaragua Canal

Nicaragua awarded a concession in June 2013 to design, build and manage a US$40 billion canal to rival Panama. The canal would cost about four years’ worth of Nicaragua’s annual gross domestic product, and would likely be three times longer than the 48-mile (77-km) Panama Canal, which took a decade to build.

High-powered Nicaraguan canal delegation quietly visits mainland China

A top-level Nicaraguan delegation - headed by the president’s son - travelled to mainland China and Hong Kong last week to discuss what could be the world’s largest waterway project, the South China Morning Post has learned.

Tuesday, 29 October, 2013, 2:52pm 3 comments

Interview: HKND chairman Wang Jing aims to keep politics out of controversial canal

Nicaragua’s planned alternative to the Panama Canal just got a boost in popularity as a delighted Nicaraguan delegation left Hong Kong after visiting the canal’s architects at China Railway Construction Corporation on the mainland and in Hong Kong.

29 Oct 2013 - 2:44pm

Nicaraguan canal team quietly visit mainland

A top-level Nicaraguan delegation - headed by the president's son - travelled to mainland China and Hong Kong last week to discuss what could be the world's largest waterway project, the South China Morning Post has learned.

29 Oct 2013 - 2:53pm

Wang coy on past, confident on ambitious Nicaragua canal project

The baby-faced Chinese businessman behind plans to slash a canal through Nicaragua has invested millions in telecommunications and mines. But he won’t say how he made his fortune. Wang Jing says he once studied traditional Chinese medicine. At which school? He won’t say. Nor can he put a dollar figure on his current business interests.

3 Sep 2013 - 12:03pm 1 comment

Canal deal will 'massively benefit' Nicaraguan economy

A Hong Kong-based adviser for construction of a massive interoceanic canal through Nicaragua said the construction projects would bring "massive economics benefits" to the impoverished country.

11 Jul 2013 - 11:01pm

Canal deal cripples Nicaraguan sovereignty, again: activist

History repeats itself with the signing of the Ortega-Wang Jing Treaty, which alienates Nicaraguan sovereignty to a private company for a century, thus turning Nicaraguans into pawns, yet again, for big interest and the super powerful.

29 Aug 2013 - 4:13am

Revealed: China state-owned contractor involved in Nicaragua canal project

One of China's largest state-owned companies is carrying out a technical feasibility study of the Nicaraguan inter-oceanic canal project, which, if built, would be the world's largest civil engineering project.

12 Jul 2013 - 4:40am 1 comment

Nicaragua to become richest in the region

A proposed waterway to rival the Panama Canal could make Nicaragua the richest country in Central America, a project official said. The country recently approved the US$40 billion project, granting the concession to little-known Hong Kong company HKND Group.

2 Jul 2013 - 2:51am 1 comment

HKND outlines grand vision for US$40b Nicaraguan canal to rival Panama's

Wang Jing, chairman of the Hong Kong-based HKND, which has won a concession to design, build and manage a canal to rival Panama's, was upbeat about the project, despite its huge cost.

26 Jun 2013 - 5:03pm

Who wants to bet on a Chinese-invested 'Nicaragua Canal'?

For centuries since the colonisation of the New World, entrepreneurs have dreamed of building a canal spanning Nicaragua to make it easier to tap Asia’s riches.

21 Jun 2013 - 3:18pm 5 comments