Topic: Hknd

Construction has officially begun on the Nicaragua Canal, a project led by Chinese developer Wang Jing. The groundbreaking was held early to avoid local protests over eminent domain and land seizures. Environmentalists warn that the canal will turn Lake Nicaragua from freshwater to saltwater, destroying local ecosystems, while the project plans include luxury resorts and a Jack Nicklaus-designed golf course.

Chinese businessman Wang Jing, head of HKND, is moving forward with plans to build a canal in Nicaragua to compete with the Panama Canal. While Wang claims the project is privately funded, reports indicate that the Russian and Chinese governments will participate. The project aims to accommodate super-tankers and large container ships that the Panama Canal cannot handle.

Nicaragua has approved a $40 billion project for a Chinese company, HKND Group, to build a canal competing with the Panama Canal. The project is estimated to take between five and eleven years to complete. The hosts predict that U.S. interests may label the region a site of terrorist activity to interfere with the Chinese-backed infrastructure.