Nicaragua's National Assembly approved the $50bn project in June 2013 and work on the canal was scheduled to begin in early 2014. That projection was eventually pushed back to early 2015 due to delays in identifying the waterway's path.
The project is led by the Hong Kong Nicaragua Canal Development Group (HKND), a privately-held international infrastructure development firm headquartered in Hong Kong and with offices in Managua, the capital of Nicaragua. HKND Group has extensive experience in construction management and infrastructure development. HKND Group is led by its chairman and chief executive officer, Mr. Wang Jing, businessman and investor.
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