https://www.scmp.com/rss/307801/feed HKND Group, a unit of holding company the HK Nicaragua Canal Development Investment, won a concession in June 2013 to design, build and manage a US$40 billion canal in Nicaragua to rival Panama despite having no infrastructure experience. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com 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. The 21 politicians, academics and leading businessmen were hosted by HKND, the Hong Kong-based developer established only last year, which has been tasked by the Nicaraguan government to build a US$40 billion (HK$310 billion) canal through the Central American... https://www.scmp.com/news/china-insider/article/1342513/high-powered-nicaraguan-canal-delegation-quietly-visits-mainland?utm_source=rss_feed https://www.scmp.com/news/china-insider/article/1342513/high-powered-nicaraguan-canal-delegation-quietly-visits-mainland?utm_source=rss_feed Tue, 29 Oct 2013 02:45:00 +0000 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. The canal is by no means uncontroversial. The US$40 billion (HK$310 billion) project, the world’s largest in civil engineering, has led to street protests in the capital Managua. The Nicaraguan constitutional court is also currently reviewing a... https://www.scmp.com/news/china-insider/article/1342496/interview-hknd-chairman-wang-jing-aims-keep-politics-out?utm_source=rss_feed https://www.scmp.com/news/china-insider/article/1342496/interview-hknd-chairman-wang-jing-aims-keep-politics-out?utm_source=rss_feed Tue, 29 Oct 2013 02:00:30 +0000 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. The visit is the first to mainland China by such a large and high-powered delegation since Nicaragua switched diplomatic recognition from Beijing to Taipei in 1990. Laureano Ortega Murillo - the son of Nicaragua's president, Daniel Ortega - led a group of 21 politicians,... https://www.scmp.com/article/1342223/nicaraguan-canal-team-quietly-visit-mainland?utm_source=rss_feed https://www.scmp.com/article/1342223/nicaraguan-canal-team-quietly-visit-mainland?utm_source=rss_feed Mon, 28 Oct 2013 19:15:45 +0000 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.  "The Nicaraguan government and people have a very good deal", said Bill Wild, chief project advisor with HKND. "If that project gets built, there'll be no expenditure for [Nicaragua], they don't have to meet any of these upfront costs." "As part of the construction infrastructure, we are going to be... https://www.scmp.com/business/companies/article/1280265/canal-deal-will-massively-benefit-nicaraguan-economy-executive?utm_source=rss_feed https://www.scmp.com/business/companies/article/1280265/canal-deal-will-massively-benefit-nicaraguan-economy-executive?utm_source=rss_feed Thu, 11 Jul 2013 07:04:19 +0000 “The independence, sovereignty and national self-determination are inalienable rights of the people and foundations of the Nicaraguan nation. Any foreign interference in the internal affairs of Nicaragua or any attempt to undermine those rights threatens the life of the people. It is the duty of all Nicaraguans to preserve and defend these rights.” -Article 1 of Nicaragua's constitution The people of Nicaragua have had, throughout its history, the legitimate desire to take advantage of prospects... https://www.scmp.com/comment/insight-opinion/article/1280186/canal-deal-cripples-nicaraguan-sovereignty-again-activist?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/1280186/canal-deal-cripples-nicaraguan-sovereignty-again-activist?utm_source=rss_feed Thu, 11 Jul 2013 04:17:40 +0000 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. "We have got one of [CRCC's] engineering groups; a lot of work is being done by their design institutes," said Bill Wild, chief project adviser of HKND, the Hong Kong-based company that was awarded the concession of building the canal a month ago. Wild said parts of the CCRC team working... https://www.scmp.com/news/china/article/1280185/revealed-china-state-owned-contractor-involved-nicaragua-canal-project?utm_source=rss_feed https://www.scmp.com/news/china/article/1280185/revealed-china-state-owned-contractor-involved-nicaragua-canal-project?utm_source=rss_feed Thu, 11 Jul 2013 04:17:22 +0000 Nicaraguan civil society groups have challenged plans by a Hong Kong company to build an interoceanic canal through the Central American country, arguing that they have not been sufficiently involved in the decision-making process. On Monday, representatives of indigenous and creole community groups of Nicaragua's eastern Autonomous Region of the Southern Atlantic said they had called on the country's Supreme Court to repeal the law allowing the construction of the canal. HKND Group recently won... https://www.scmp.com/news/world/article/1275172/nicaragua-indigenous-groups-challenge-hong-kong-built-canal?utm_source=rss_feed https://www.scmp.com/news/world/article/1275172/nicaragua-indigenous-groups-challenge-hong-kong-built-canal?utm_source=rss_feed Thu, 04 Jul 2013 03:02:09 +0000 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. Under the deal, the company led by Wang Jing gets 50 years of exclusive rights to build and operate the canal in exchange for Nicaragua receiving a minority share of the profits. Now its poorest nation, "Nicaragua will become by far the... https://www.scmp.com/business/companies/article/1273402/nicaragua-become-richest-region?utm_source=rss_feed https://www.scmp.com/business/companies/article/1273402/nicaragua-become-richest-region?utm_source=rss_feed Mon, 01 Jul 2013 16:00:00 +0000 The man whose Hong Kong firm plans a canal across Nicaragua to rival the one in Panama admits the project faces many obstacles, but he says US$900 million of feasibility studies will help reduce the risks and ensure success. Wang Jing, chairman of HKND, which won a 50-year concession earlier this month to design, build and manage the canal, said the feasibility studies would be completed by the middle of next year. More than 3,000 consultant engineers and analysts would conduct studies on the... https://www.scmp.com/business/companies/article/1269716/canal-builder-heads-risks-army-consultants?utm_source=rss_feed https://www.scmp.com/business/companies/article/1269716/canal-builder-heads-risks-army-consultants?utm_source=rss_feed Wed, 26 Jun 2013 16:00:00 +0000 The man who piqued the interest of the world with his US$40 billion (HK$310 billion) plan to build a canal across Nicaragua met the media yesterday to outline his grand vision. 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. The company's bet on the canal is based on the US shale gas revolution, which will require bigger tankers than the Panama Canal will be... https://www.scmp.com/business/companies/article/1268656/hknd-boss-outlines-grand-plans-nicaraguan-canal?utm_source=rss_feed https://www.scmp.com/business/companies/article/1268656/hknd-boss-outlines-grand-plans-nicaraguan-canal?utm_source=rss_feed Tue, 25 Jun 2013 08:22:58 +0000 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. Sixteenth century Spanish conquistador Hernan Cortes yearned to cleave the isthmus, and ever since, French, American and Dutch financiers have all made abortive, Quixotic attempts to bisect the Central American country’s volcano-studded terrain. Now it’s the turn of the Chinese. And scepticism is as strong as ever. The Hong Kong-based... https://www.scmp.com/business/companies/article/1265745/who-wants-bet-chinese-invested-nicaragua-canal?utm_source=rss_feed https://www.scmp.com/business/companies/article/1265745/who-wants-bet-chinese-invested-nicaragua-canal?utm_source=rss_feed Fri, 21 Jun 2013 05:41:28 +0000