Nicaragua Canal project to begin in August
After one year's delay, the first phase of work on the Nicaragua Canal will begin in August, the Hong Kong-based developer behind the project tells Bloomberg. Despite rumors, the project is not affected by the slowdown in the Chinese share market.
BY KATRINE GRØNVALD RAUN
Construction will begin in August on the large-scale project to build a canal through Nicaragua linking the Atlantic and Pacific oceans, informs HKND, the Hong Kong-based company behind the USD 50 billion project which has been held up for the past year, writes Bloomberg. The first phase of work will see the construction of a fuel terminal and ship wharf on the Pacific Ocean, forming part of a harbor.
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