HKND offers $700 million re-route for Nicaragua Canal

The Chinese company behind Nicaragua’s planned $50 billion canal is reportedly willing to change the route to bypass one of the towns opposed to its construction, even though such an alteration would add $700 million to the cost of the project.

Hong Kong-based HKND Group, led by billionaire Wang Jing, said it would avoid the town of El Tule that has been the scene of angry protests by shifting the canal 550 yards from the centre of town.





Source: Journal of Commerce