Prince Abdullah Zayed Al Nahyan said in his visit to Nicaragua: "We are looking for various cooperation schemes" and "to be part of the initiative to link both oceans with a canal".
"I am here with a team representing the government and the private sector. Many of its members are very important companies in the country (...) I think they will be very interested in reviewing this [canal] proposal", said Zayed Al Nahyan, in an article in local newspaper Laprensa.com.ni.
More on this topic
The president of HKND declared that they have already decided the route of the proposed Nicaraguan canal.
Wang Jing, president of HKND said that although a feasibility report is currently being carried out, "the framework" for the project has already been defined. "There wont be small changes, but there are no major changes," said the businessmen when specifying the route: Hound Sound Bar (South of Isla del Venado, in Bluefields Bay) - Escondido River - Rama River - Oyate River - Lake Nicaragua - Las Lajas River - Brito River.
Russian authorities announced they must reevaluate the conditions for the construction of an inter-oceanic channel in Nicaragua.
A year ago, Russian president Dimitry Medvedev agreed to analyze the participation of Russia's private and public sectors in the construction of a $18 billion channel linking the Pacific with the Atlantic Ocean through Nicaragua.
Does this project have real and practical bases, which means we should pay attention to it?
CentralAmericaData.COM's vision is to select and validate business news that matter to the region. The modern Central American entrepreneur simply does not have time to do so, and this is the service we provide, therefore, given the publicity the press in general has given to the intereoceanic canal project promoted by President Ortega, we have an obligation to analyze and comment from a business standpoint.
A Chinese state heavyweight is the company contracted to carry out the feasibility study for the Grand Canal of Nicaragua.
This is good news for Nicaragua: peaking out from behind the unknown HK Nicaragua Canal Development and its president Wang Jing, are the real stakeholders in the Grand Oceanic Canal.